Wells Fargo & Co Reiterates Buy Rating for KKR & Co Inc (KKR)

Wells Fargo & Co reissued their buy rating on shares of KKR & Co Inc (NYSE:KKR) in a report issued on Monday.

KKR has been the topic of several other research reports. Oppenheimer set a $35.00 price target on KKR & Co Inc and gave the company a buy rating in a research note on Tuesday, July 24th. Citigroup upped their price target on KKR & Co Inc from $28.00 to $31.00 and gave the company a buy rating in a research note on Tuesday, July 10th. Deutsche Bank cut their price target on KKR & Co Inc from $29.00 to $27.00 and set a hold rating on the stock in a research note on Thursday, October 11th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $35.00 price target on shares of KKR & Co Inc in a research note on Friday, July 27th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a $32.00 price target on shares of KKR & Co Inc in a research note on Friday, July 27th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $30.25.

Shares of KKR opened at $24.53 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87. KKR & Co Inc has a 12-month low of $18.74 and a 12-month high of $28.73. The firm has a market cap of $13.41 billion, a PE ratio of 10.31, a PEG ratio of 1.24 and a beta of 1.61.

KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. KKR & Co Inc had a return on equity of 7.34% and a net margin of 39.10%. The business had revenue of $398.00 million for the quarter, compared to analyst estimates of $391.74 million. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts anticipate that KKR & Co Inc will post 1.77 EPS for the current fiscal year.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 1,742,007 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $38.26, for a total value of $66,649,187.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders acquired 130,656 shares of company stock worth $1,914,185 and sold 15,225,220 shares worth $533,613,038.

A number of large investors have recently added to or reduced their stakes in the business. LGT Capital Partners LTD. acquired a new position in KKR & Co Inc in the third quarter valued at about $19,907,000. Fiduciary Group LLC bought a new stake in shares of KKR & Co Inc in the third quarter worth about $205,000. Rothschild Investment Corp IL increased its holdings in shares of KKR & Co Inc by 8.6% in the third quarter. Rothschild Investment Corp IL now owns 49,693 shares of the asset manager’s stock worth $1,355,000 after acquiring an additional 3,945 shares in the last quarter. PenderFund Capital Management Ltd. bought a new stake in shares of KKR & Co Inc in the third quarter worth about $5,210,000. Finally, Chickasaw Capital Management LLC bought a new stake in shares of KKR & Co Inc in the third quarter worth about $4,755,000. 62.36% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co Inc Company Profile

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.

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Analyst Recommendations for KKR & Co Inc (NYSE:KKR)

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