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

KKR & Co. Inc. (NYSE:KKR) was upgraded by Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a $141.00 price objective on the asset manager’s stock, down from their previous price objective of $150.00. Wells Fargo & Company‘s price objective indicates a potential upside of 20.99% from the stock’s previous close.

A number of other analysts have also commented on the company. Morgan Stanley reduced their target price 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. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Barclays cut their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods cut 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. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. 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 given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

KKR & Co. Inc. Stock Down 0.1 %

Shares of NYSE:KKR opened at $116.54 on Thursday. The stock has a fifty day simple moving average of $139.07 and a two-hundred day simple moving average of $141.31. The stock has a market capitalization of $103.52 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently bought and sold shares of KKR. Norges Bank purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $1,435,314,000. Nuveen Asset Management LLC lifted its holdings in shares of KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the last quarter. GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $325,752,000. Proficio Capital Partners LLC lifted its holdings in shares of KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $218,918,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.