BMO Capital Markets Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) had its price objective boosted by BMO Capital Markets from $112.00 to $118.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. BMO Capital Markets’ target price points to a potential upside of 13.92% from the stock’s previous close.

A number of other research analysts also recently weighed in on KKR. TD Cowen decreased their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Piper Sandler cut their price objective on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. UBS Group raised their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group lowered their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.25.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $103.58 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $93.00 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78. The company’s 50 day moving average price is $95.99 and its two-hundred day moving average price is $99.06. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.89% and a net margin of 14.41%.During the same period in the previous year, the company posted $1.18 earnings per share. On average, analysts expect that KKR & Co. Inc. will post 5.54 earnings per share for the current fiscal year.

KKR & Co. Inc. announced that its board has initiated a share buyback plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new position in KKR & Co. Inc. during the fourth quarter worth $27,000. SouthState Bank Corp boosted its position in KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after purchasing an additional 148 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $29,000. Finally, MV Capital Management Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $31,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.