KKR & Co. Inc. (NYSE:KKR) Stock Price Expected to Rise, Barclays Analyst Says

KKR & Co. Inc. (NYSE:KKR) had its price objective hoisted by Barclays from $122.00 to $124.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the asset manager’s stock. Barclays‘s price objective indicates a potential upside of 29.00% from the company’s previous close.

Several other equities analysts have also recently issued reports on KKR. Oppenheimer reduced their price target on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. TD Cowen lowered their target price on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday, May 18th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group cut their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Finally, Piper Sandler reduced their price target on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.57.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $96.12 on Friday. The business’s 50 day simple moving average is $95.73 and its two-hundred day simple moving average is $102.67. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $153.87. The stock has a market capitalization of $86.31 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. Analysts forecast that KKR & Co. Inc. will post 5.51 EPS for the current year.

KKR & Co. Inc. declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of KKR & Co. Inc.

Several hedge funds have recently bought and sold shares of the stock. Asset Dedication LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $26,000. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $27,000. Elyxium Wealth LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $27,000. SouthState Bank Corp lifted its position in shares of KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 148 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $29,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.