Argus Boosts KKR & Co. Inc. (NYSE:KKR) Price Target to $125.00

KKR & Co. Inc. (NYSE:KKR) had its target price increased by stock analysts at Argus from $115.00 to $125.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. Argus’ target price points to a potential upside of 16.77% from the stock’s current price.

KKR has been the topic of several other research reports. Barclays lifted their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group boosted their target price on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada upped their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler decreased their price target on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Finally, Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.75.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded up $0.48 during midday trading on Tuesday, hitting $107.04. The company’s stock had a trading volume of 633,745 shares, compared to its average volume of 5,887,634. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The stock’s 50-day moving average price is $96.24 and its 200-day moving average price is $98.89. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. The company has a market capitalization of $96.11 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78.

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

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

Institutional Trading of KKR & Co. Inc.

Several institutional investors have recently made changes to their positions in KKR. Brighton Jones LLC grew its holdings in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $218,000. Sivia Capital Partners LLC increased its position in KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after purchasing an additional 237 shares during the last quarter. United Bank bought a new stake in KKR & Co. Inc. in the second quarter worth approximately $769,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in KKR & Co. Inc. in the second quarter worth approximately $4,826,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting KKR & Co. Inc.

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

• Positive Sentiment: KKR closed a $19.2 billion infrastructure fund focused on North America and Europe. The fund provides substantial new capital to deploy and could support future management fees, performance income and investment growth. KKR closes $19.2 billion infrastructure fund for North America, Europe
• Positive Sentiment: KKR agreed to acquire medical-device outsourcing company Integer Holdings in a cash transaction. Reports put the deal value at approximately $4.3 billion to $5.7 billion, with the transaction adding another healthcare platform to KKR’s portfolio. KKR to Buy Integer Holdings KKR to Buy Device Maker Integer in $5.7 Billion Deal
• Positive Sentiment: BMO Capital Markets raised its KKR price target from $112 to $118 and upgraded the stock to “outperform.” TD Cowen also lifted its target from $108 to $111, while separate reports cited targets of $134 and $135. The revisions suggest analysts see additional upside from KKR’s fundraising and investment pipeline. Analyst price-target changes KKR price target raised to $134 KKR price target raised to $135
• Positive Sentiment: An insurance account managed by KKR agreed to acquire a 50% stake in a 1.2-gigawatt European solar and wind portfolio from TotalEnergies. The assets have an enterprise value of €1.8 billion and expand KKR’s renewable-energy exposure. KKR renewable-assets transaction
• Neutral Sentiment: KKR-backed logistics company LEAP India is seeking a valuation of roughly $734 million in an Indian IPO. A successful offering could provide valuation visibility for the portfolio investment, but it does not immediately change KKR’s operating results. LEAP India IPO
• Negative Sentiment: Investors purchased approximately 30,803 put options on KKR, about 231% above average volume. The activity may reflect hedging or bearish short-term positioning, though options flow alone does not establish a fundamental change in the company’s outlook.

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.