KKR & Co. Inc. (NYSE:KKR) Given “Outperform” Rating at Royal Bank Of Canada

KKR & Co. Inc. (NYSE:KKR)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a report released on Tuesday, Benzinga reports. They presently have a $134.00 target price on the asset manager’s stock. Royal Bank Of Canada‘s target price indicates a potential upside of 36.64% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Evercore cut their target price on shares of KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of KKR & Co. Inc. in a research note on Friday, September 11th. Wells Fargo & Company assumed coverage on shares of KKR & Co. Inc. in a research note on Friday, October 2nd. They set an “equal weight” rating and a $97.00 target price for the company. Finally, Jefferies Financial Group lowered their price target on shares of KKR & Co. Inc. from $129.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, October 6th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.58.

KKR & Co. Inc. Trading Up 1.6%

Shares of NYSE KKR opened at $98.06 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The business has a 50-day moving average price of $95.80 and a two-hundred day moving average price of $98.20. The firm has a market capitalization of $88.03 billion, a PE ratio of 31.23, a PEG ratio of 0.78 and a beta of 1.72.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Monday, November 9th. The asset manager reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.20. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $2.66 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, analysts predict that KKR & Co. Inc. will post 7.35 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 23.20% of the stock is currently owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors have recently added to or reduced their stakes in KKR. Edgestream Partners L.P. bought a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $6,590,000. Banco Santander S.A. lifted its holdings in KKR & Co. Inc. by 12.0% in the 3rd quarter. Banco Santander S.A. now owns 4,878 shares of the asset manager’s stock worth $445,000 after purchasing an additional 524 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its holdings in KKR & Co. Inc. by 9.0% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,774 shares of the asset manager’s stock worth $253,000 after purchasing an additional 229 shares during the last quarter. Intech Investment Management LLC lifted its holdings in KKR & Co. Inc. by 10.2% in the 3rd quarter. Intech Investment Management LLC now owns 54,423 shares of the asset manager’s stock worth $4,969,000 after purchasing an additional 5,040 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in KKR & Co. Inc. by 16.9% during the third quarter. Hantz Financial Services Inc. now owns 5,419 shares of the asset manager’s stock worth $495,000 after purchasing an additional 782 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Key KKR & Co. Inc. News

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: KKR reported third-quarter earnings of $1.78 per share, above the $1.58 consensus estimate and up from $1.41 a year earlier. Revenue of $4.56 billion also exceeded estimates. Higher management fees, strong fee-related earnings and capital raising helped drive the results. Article: KKR Q3 earnings beat helped by strong fee-related earnings, solid capital raising
• Positive Sentiment: KKR and Diamondback Energy agreed to acquire Five Point Infrastructure’s 70% stake in Deep Blue Midland Basin, a water-infrastructure platform. The partners will own the company jointly, adding exposure to an operating infrastructure business; financial terms were not disclosed. Article: Diamondback Energy and KKR to Acquire Deep Blue Midland Basin from Five Point Infrastructure
• Positive Sentiment: KKR declared a quarterly dividend of $0.195 per share, payable December 3 to shareholders of record November 19. The annualized payout is $0.78 per share. Dividend announcement
• Neutral Sentiment: KKR leadership said the firm is cautious about AI investments and has limited direct exposure to the boom. This may temper expectations for near-term AI-related gains, while reflecting a measured approach to investment risk. Article: KKR’s Nuttall Says Firm to Be Cautious With AI Bets

About KKR & Co. Inc.