KKR & Co. Inc. Target Price Raised to $152.00 by Wells Fargo

On October 27, 2024, Wells Fargo & Company announced an increase in the target price for KKR & Co. Inc. (NYSE:KKR) from $139.00 to $152.00. This new price target was revealed in a report, and the financial firm has assigned an "equal weight" rating to KKR's stock. The updated price target signifies a potential upside of approximately 8.66% from KKR's current trading price.

Other financial analysts have also evaluated the stock recently. JMP Securities recently upgraded their price target for KKR shares from $135.00 to $150.00, while giving the stock a “market outperform” rating. In addition, Redburn Atlantic initiated coverage on KKR and set a “buy” rating with a price target of $153.00. HSBC began its coverage as well, assigning a “buy” rating and a price objective of $148.00. Oppenheimer increased their price target for KKR from $128.00 to $148.00, awarding it an “outperform” rating. On the contrary, StockNews.com changed KKR's rating to “sell” on October 7th.

Overall, one analyst has given the stock a sell rating, two have a hold rating, twelve have issued buy ratings, and two analysts have rated it a strong buy. MarketBeat.com reports that the consensus rating for KKR is a “Moderate Buy” with an average price target of $151.29.

KKR & Co. Inc. Stock Performance

As of Friday, KKR shares opened at $139.88. The stock has experienced significant price movements over the past year, with a 52-week low of $53.72 and a high of $147.15. KKR & Co. Inc. holds a market cap of approximately $124.14 billion and has a PE ratio of 32.99. Its price-to-earnings growth ratio stands at 1.20, and the stock has a beta of 1.62, indicating some volatility. Additionally, KKR has a debt-to-equity ratio of 0.86, with both a quick ratio and current ratio of 0.07. The stock's fifty-day moving average is $128.49, while the 200-day moving average is $114.00.

In its latest quarterly earnings report released on October 24, KKR reported earnings of $1.38 per share, surpassing the consensus estimate of $1.03 by $0.35. The company achieved revenue of $4.79 billion for the quarter, significantly higher than the anticipated $1.23 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. Comparatively, during the same quarter last year, the company posted an EPS of $0.73. Analysts forecast that KKR will report an EPS of 3.97 for the current fiscal year.

Insider Transactions

In recent insider news, major shareholder Genetic Disorder L.P. sold 5,800,000 shares of KKR's stock on September 13th, with an average sale price of $25.75, totaling $149,350,000. Following this transaction, the insider holds 25,260,971 shares valued at approximately $650,470,003.25. In another transaction, KKR Group Partnership L.P. acquired 11,619,998 shares at an average price of $11.13 per share, summing up to around $129,330,577.74. After this purchase, this insider now owns 92,959,984 shares of KKR, valued at about $1,034,644,621.92. Overall, insiders retain a substantial 39.34% ownership in the company.

Institutional Investments

Recently, hedge funds have adjusted their stakes in KKR. Versant Capital Management Inc. expanded its holdings in KKR by 622.9% during the second quarter, now owning 253 shares valued at $27,000 after an additional purchase of 218 shares. Mather Group LLC also raised its stake by 371.4%, acquiring an additional 208 shares, bringing its total to 264 shares, again valued at approximately $27,000. ORG Wealth Partners LLC entered a new position in the third quarter valued at around $31,000. Similarly, Raleigh Capital Management Inc. increased its position by 56.7%, now holding 235 shares worth $31,000. Eastern Bank also purchased a new stake, valued at about $34,000. Collectively, institutional investors and hedge funds represent 76.26% of KKR's stock ownership.

About KKR & Co. Inc.

KKR & Co. Inc. is a private equity and real estate investment firm that focuses on direct investments and fund-of-fund investments. The company is involved in a range of investment strategies, including acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, and investments across various market segments like lower middle market and middle market.

KKR, Investment, Analysts