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

KKR & Co. Inc. (NYSE:KKR) had its target price hoisted by analysts at TD Cowen from $102.00 to $106.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the asset manager’s stock. TD Cowen’s price objective suggests a potential upside of 5.79% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Monday. The Goldman Sachs Group cut their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Barclays cut their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Zacks Research downgraded KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.67.

KKR & Co. Inc. Trading Down 0.6%

Shares of KKR opened at $100.20 on Wednesday. The business has a 50-day moving average of $94.49 and a 200 day moving average of $111.73. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The firm has a market cap of $89.33 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 0.89 and a beta of 1.85. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a return on equity of 5.50% and a net margin of 13.94%.The company had revenue of $5.74 billion during the quarter. As a group, research analysts forecast that KKR & Co. Inc. will post 5.4 EPS for the current year.

KKR & Co. Inc. declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other KKR & Co. Inc. news, CEO Scott C. Nuttall purchased 125,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was purchased at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the transaction, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. The trade was a 0.81% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matt Cohler purchased 43,872 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the transaction, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 393,872 shares of company stock worth $40,090,679 in the last 90 days. 23.20% of the stock is owned by company insiders.

Institutional Trading of KKR & Co. Inc.

Large investors have recently modified their holdings of the business. ESL Trust Services LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $26,000. Asset Dedication LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $26,000. GGM Financials LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $27,000. Washington Trust Advisors Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Finally, Elyxium Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Institutional investors own 76.26% of the company’s stock.

Key Headlines Impacting KKR & Co. Inc.

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

• Positive Sentiment: Board authorized a $500 million share buyback (?0.5% of shares outstanding), signaling management views the stock as undervalued; buybacks are typically supportive of the share price. Read More.
• Positive Sentiment: KKR raised its quarterly dividend to $0.195/share (5.4% increase), boosting cash-return signalling and income appeal. (Ex-dividend May 15; pay May 29.)
• Positive Sentiment: UBS raised its price target to $126 with a Buy rating, reflecting bullish analyst conviction that could attract buyers. Read More.
• Positive Sentiment: KKR-backed InCred filed IPO papers in India for a ~?3,000 crore IPO targeting a ~?15,000 crore valuation — a potential sizable exit/realization event in KKR’s portfolio. Read More.
• Positive Sentiment: KKR portfolio company CoolIT sold for $4.75B; the exit generated significant employee payouts (reported 8x salary bonuses) and represents realized value for KKR’s private investments. Read More.
• Positive Sentiment: KKR closed the Arctos acquisition, adding sports-franchise investing and GP-solutions capabilities to its private markets platform — diversifies fee streams and product offerings. Read More.
• Neutral Sentiment: TD Cowen nudged its price target to $106 (maintaining a Hold), a modest adjustment that is unlikely to materially change investor stance. Read More.
• Negative Sentiment: Q1: KKR beat EPS and saw AUM/fee income growth, but management lowered visibility on reaching a $7-per-share ANI target; the weaker ANI outlook overshadowed the beat and pressured the shares. Read More.
• Negative Sentiment: Several analysts trimmed targets (Barclays to $122; RBC to $128) — downward revisions that can cap near-term upside and reflect caution on financial outlook. Read More.

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.