KKR & Co. Inc. (NYSE:KKR) Upgraded to “Overweight” at Wells Fargo & Company

KKR & Co. Inc. (NYSE:KKR) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has a $141.00 target price on the asset manager’s stock, down from their previous target price of $150.00. Wells Fargo & Company‘s price objective would indicate a potential upside of 20.84% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Oppenheimer lifted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley reduced their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. Stock Performance

KKR opened at $116.68 on Thursday. The business’s 50-day moving average price is $140.18 and its two-hundred day moving average price is $141.53. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The company has a market capitalization of $103.64 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 39.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pathstone Holdings LLC raised its position in KKR & Co. Inc. by 12.4% during the third quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager’s stock valued at $8,112,000 after purchasing an additional 6,873 shares in the last quarter. Caprock Group LLC raised its position in KKR & Co. Inc. by 76.6% during the third quarter. Caprock Group LLC now owns 6,112 shares of the asset manager’s stock valued at $798,000 after purchasing an additional 2,651 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in KKR & Co. Inc. during the third quarter valued at approximately $100,000. PNC Financial Services Group Inc. raised its position in KKR & Co. Inc. by 11.9% during the third quarter. PNC Financial Services Group Inc. now owns 203,294 shares of the asset manager’s stock valued at $26,546,000 after purchasing an additional 21,648 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in KKR & Co. Inc. by 85.7% during the third quarter. Avior Wealth Management LLC now owns 7,613 shares of the asset manager’s stock valued at $994,000 after purchasing an additional 3,514 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.