Fintel reports that on August 8, 2023, Goldman Sachs maintained coverage of KKR & Co. (NYSE:KKR) with a Buy recommendation.
Analyst Price Forecast Suggests 9.04% Upside
As of August 2, 2023, the average one-year price target for KKR & Co. is 67.40. The forecasts range from a low of 24.24 to a high of $92.40. The average price target represents an increase of 9.04% from its latest reported closing price of 61.81.
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The projected annual revenue for KKR & Co. is 7,522MM, an increase of 22.25%. The projected annual non-GAAP EPS is 4.28.
What is the Fund Sentiment?
There are 1203 funds or institutions reporting positions in KKR & Co.. This is an increase of 12 owner(s) or 1.01% in the last quarter. Average portfolio weight of all funds dedicated to KKR is 0.57%, an increase of 3.08%. Total shares owned by institutions increased in the last three months by 0.11% to 616,896K shares. The put/call ratio of KKR is 1.22, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 41,873K shares representing 4.86% ownership of the company. In it’s prior filing, the firm reported owning 39,020K shares, representing an increase of 6.81%. The firm increased its portfolio allocation in KKR by 16.36% over the last quarter.
Harris Associates L P holds 26,657K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 26,632K shares, representing an increase of 0.09%. The firm increased its portfolio allocation in KKR by 6.30% over the last quarter.
T. Rowe Price Investment Management holds 26,470K shares representing 3.07% ownership of the company. In it’s prior filing, the firm reported owning 26,055K shares, representing an increase of 1.57%. The firm increased its portfolio allocation in KKR by 7.40% over the last quarter.
Principal Financial Group holds 24,222K shares representing 2.81% ownership of the company. In it’s prior filing, the firm reported owning 24,931K shares, representing a decrease of 2.93%. The firm decreased its portfolio allocation in KKR by 0.97% over the last quarter.
ValueAct Holdings holds 20,535K shares representing 2.38% ownership of the company. In it’s prior filing, the firm reported owning 23,703K shares, representing a decrease of 15.42%. The firm decreased its portfolio allocation in KKR by 15.27% over the last quarter.
KKR & Co. Background Information
(This description is provided by the company.)
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds.
This article originally appeared on Fintel
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