Piper Sandler Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) had its price objective hoisted by research analysts at Piper Sandler from $121.00 to $125.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Piper Sandler‘s price objective points to a potential upside of 25.24% from the company’s current price.

A number of other equities analysts have also recently issued reports on KKR. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $97.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group dropped their target price on KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Bank of America cut their price target on KKR & Co. Inc. from $147.00 to $143.00 in a research note on Tuesday, August 4th. Argus boosted their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.32.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $99.81 on Wednesday. The firm’s fifty day moving average price is $95.62 and its two-hundred day moving average price is $98.08. The stock has a market cap of $89.59 billion, a PE ratio of 29.22, a PEG ratio of 0.75 and a beta of 1.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $144.84.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Monday, November 9th. The asset manager reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.20. KKR & Co. Inc. had a return on equity of 6.31% and a net margin of 16.38%. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the company earned $1.41 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 7.35 EPS for the current fiscal year.

Insider Buying and Selling at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the stock in a transaction 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 directly owned 8,513 shares in the company, valued at $924,341.54. This represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in shares of KKR & Co. Inc. in the second quarter worth approximately $470,778,000. Amundi increased its position in KKR & Co. Inc. by 65.3% during the 1st quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock valued at $344,659,000 after purchasing an additional 1,472,265 shares during the period. Temasek Holdings Private Ltd increased its position in KKR & Co. Inc. by 164.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after purchasing an additional 2,190,248 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KKR & Co. Inc. by 1.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,461,541 shares of the asset manager’s stock worth $317,700,000 after purchasing an additional 55,489 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in KKR & Co. Inc. during the 2nd quarter worth approximately $298,311,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. News Roundup

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

• Positive Sentiment: KKR’s third-quarter results beat expectations: adjusted earnings were $1.78 per share versus the $1.58 consensus, and revenue also exceeded forecasts. The earnings beat, supported by fee-related growth and fundraising, is the clearest near-term positive for the shares. Is KKR a Buy After Its Latest Earnings Report?
• Positive Sentiment: KKR and RWE will jointly develop two U.K. offshore-wind projects with about 2.8 gigawatts of capacity and a total investment of roughly £12 billion. The partnership adds a large infrastructure opportunity, although project returns will depend on development and operating execution. RWE, KKR finalise $16 billion investment in UK renewables
• Positive Sentiment: Morgan Stanley raised its KKR price target to $140 from $138 and maintained an Overweight rating, reinforcing the generally favorable analyst outlook. KKR Stock Price Target Raised at Morgan Stanley
• Neutral Sentiment: KKR and Diamondback Energy agreed to acquire the remaining 70% of Deep Blue, a Midland Basin water-infrastructure company, giving them joint ownership. The deal broadens KKR’s portfolio exposure, but the article does not provide financial terms. Diamondback Energy and KKR to Acquire Deep Blue Midland Basin
• Neutral Sentiment: KKR announced a goal to hire 250,000 veterans and military spouses across its portfolio by 2040. The initiative may support portfolio-company recruiting and KKR’s social-impact profile, but is unlikely to materially affect near-term earnings. KKR commits to hiring veterans and military spouses
• Negative Sentiment: Despite beating estimates, KKR’s revenue take reportedly declined notably year over year, a reminder that strong headline results do not eliminate questions about underlying revenue trends. Is KKR a Buy After Its Latest Earnings Report?

About KKR & Co. Inc.

KKR & Co. Inc. is a global investment firm that manages alternative investment funds and other investment products. Its activities include private equity, credit, infrastructure and real estate investing, as well as insurance through its Global Atlantic business. The firm also provides capital markets services, including financing and strategic solutions for companies and other clients. KKR invests across multiple industries and serves clients and investors in markets around the world. Founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg, KKR is led by co-chief executive officers Joseph Bae and Scott Nuttall.