KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $163.00 at Wells Fargo & Company

KKR & Co. Inc. (NYSE:KKR) had its price objective lifted by investment analysts at Wells Fargo & Company from $152.00 to $163.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s target price points to a potential upside of 5.61% from the company’s current price.

A number of other research analysts have also recently weighed in on KKR. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays increased their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, JMP Securities increased their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $158.21.

KKR & Co. Inc. Stock Down 0.9 %

Shares of NYSE KKR opened at $154.34 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $147.22 and its two-hundred day moving average is $126.49. KKR & Co. Inc. has a 52-week low of $78.95 and a 52-week high of $163.68. The firm has a market cap of $137.09 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $0.73 EPS. Research analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. grew its position in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter worth $31,000. Eastern Bank purchased a new position in KKR & Co. Inc. during the 3rd quarter worth $34,000. Truvestments Capital LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at $40,000. Finally, American National Bank raised its holdings in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after buying an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc 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, lower middle market and middle market investments.