TD Cowen Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) had its target price boosted by stock analysts at TD Cowen from $108.00 to $111.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the asset manager’s stock. TD Cowen’s price objective points to a potential upside of 5.30% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. HSBC raised their target price on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Barclays upped their price target on KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets increased their price target on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday. Piper Sandler reduced their price objective on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $130.83.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded up $3.98 during mid-day trading on Monday, reaching $105.41. The company’s stock had a trading volume of 1,969,717 shares, compared to its average volume of 5,898,086. The stock has a 50-day moving average of $95.99 and a two-hundred day moving average of $99.06. The stock has a market capitalization of $94.64 billion, a P/E ratio of 33.55, a P/E/G ratio of 0.86 and a beta of 1.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $1.18 earnings per share. On average, equities research analysts anticipate that KKR & Co. Inc. will post 5.54 EPS for the current fiscal year.

KKR & Co. Inc. declared that its board has authorized a stock repurchase plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of KKR & Co. Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Washington Trust Advisors Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth $27,000. SouthState Bank Corp raised its position in KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 148 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in 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 4th quarter valued at $31,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Key KKR & Co. Inc. News

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

• Positive Sentiment: Major Integer Holdings acquisition: KKR agreed to acquire medical-device outsourcing company Integer Holdings in an all-cash transaction. Reports put the deal value at approximately $4.3 billion to $5.7 billion, potentially adding a sizable healthcare investment and future management-fee and performance-income opportunities. KKR to Buy Device Maker Integer in $5.7 Billion Deal KKR to Buy Integer Holdings for $4.3 Billion
• Positive Sentiment: Renewable-energy expansion: KKR agreed to acquire a 50% stake in a 1.2-gigawatt portfolio of developed solar and wind assets from TotalEnergies. The European portfolio has an enterprise value of €1.8 billion and includes assets in Germany, Spain, France and Poland, reinforcing KKR’s infrastructure strategy and exposure to contracted renewable power. KKR to Acquire a 50% Stake in a Portfolio of Developed Renewable Assets from TotalEnergies Across Europe
• Positive Sentiment: Higher analyst targets: BMO Capital Markets raised its KKR price target from $112 to $118 and maintained an “outperform” rating. Other reports cited revised targets of $134 and $135, strengthening the perception that analysts see additional upside. Benzinga analyst note
• Neutral Sentiment: LEAP India IPO: KKR-backed logistics company LEAP India is seeking a valuation of approximately $734 million in an Indian initial public offering. A successful listing could provide valuation support or a future exit opportunity, but the effect on KKR’s near-term results is uncertain. KKR-backed logistics firm LEAP India seeks $734 million valuation in India IPO
• Negative Sentiment: Unusually high put-option activity: Investors purchased 30,803 KKR put options, about 231% above the average volume. The activity may reflect increased downside hedging or bearish speculation, creating a potential short-term overhang despite the positive deal news.

About KKR & Co. Inc.

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.