KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $118.00

KKR & Co. Inc. (NYSE:KKR) had its target price upped by BMO Capital Markets from $112.00 to $118.00 in a report issued on Monday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the asset manager’s stock.

Several other analysts have also issued reports on KKR. HSBC upped their price target on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Royal Bank Of Canada raised their price target on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Oppenheimer decreased their price target on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Finally, UBS Group boosted their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $127.75.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $105.64 on Monday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10. The stock has a market capitalization of $94.85 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 0.93 and a beta of 1.78. The company has a fifty day moving average of $96.72 and a 200-day moving average of $98.54. 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. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations 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 company earned $1.18 EPS. Equities research analysts expect that KKR & Co. Inc. will post 5.54 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Monday, August 10th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 10th. KKR & Co. Inc.’s payout ratio is currently 24.84%.

KKR & Co. Inc. declared that its Board of Directors has initiated a share repurchase 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 stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $1,715,929,000. Viking Global Investors LP purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $352,038,000. Temasek Holdings Private Ltd boosted its position in shares of KKR & Co. Inc. by 164.4% during the first quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after purchasing an additional 2,190,248 shares in the last quarter. Farallon Capital Management LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth $257,216,000. Finally, Amundi raised its holdings in KKR & Co. Inc. by 65.3% in the first quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock worth $344,659,000 after purchasing an additional 1,472,265 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. News Summary

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

• Positive Sentiment: KKR closed its Global Infrastructure Investors V fund with $19.2 billion in committed capital, expanding its ability to invest in infrastructure and potentially generate future management fees and performance income. KKR closes Global Infrastructure Investors V fund
• Positive Sentiment: The firm is pursuing a roughly $1 billion renewable-energy transaction involving assets from TotalEnergies, reinforcing KKR’s focus on energy-transition investments. KKR renewables acquisition from TotalEnergies
• Positive Sentiment: Argus raised its KKR price target to $125 and maintained a “buy” rating. BMO Capital Markets also lifted its target to $118, while TD Cowen increased its target to $111, signaling continued analyst confidence. Argus raises KKR price target BMO raises KKR price target TD Cowen raises KKR price target
• Neutral Sentiment: KKR agreed to take medical-device maker Integer Holdings private for approximately $5.7 billion. The acquisition adds to KKR’s deployment pipeline but also creates integration and valuation risks. KKR Integer Holdings deal
• Neutral Sentiment: Reports that Citigroup is preparing about $2 billion of debt financing for the Integer acquisition highlight KKR’s access to funding, while also underscoring leverage and interest-cost considerations. Debt financing for KKR Integer buyout
• Neutral Sentiment: Commentary argues KKR has remained resilient despite concerns about private-market asset valuations, supporting the longer-term investment case. KKR resilience to private asset fears
• Negative Sentiment: Unusually large purchases of KKR put options indicate that some traders are positioning for further downside or seeking protection, potentially weighing on sentiment. KKR put option activity

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.