Fintel reports that on September 22, 2023, Barclays maintained coverage of KKR & Co. (NYSE:KKR) with a Overweight recommendation.
Analyst Price Forecast Suggests 19.40% Upside
As of August 31, 2023, the average one-year price target for KKR & Co. is 74.22. The forecasts range from a low of 59.79 to a high of $95.55. The average price target represents an increase of 19.40% from its latest reported closing price of 62.16.
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The projected annual revenue for KKR & Co. is 7,522MM, a decrease of 37.66%. The projected annual non-GAAP EPS is 4.28.
What is the Fund Sentiment?
There are 1197 funds or institutions reporting positions in KKR & Co.. This is a decrease of 20 owner(s) or 1.64% in the last quarter. Average portfolio weight of all funds dedicated to KKR is 0.57%, a decrease of 1.59%. Total shares owned by institutions decreased in the last three months by 0.99% to 612,359K shares. 
The put/call ratio of KKR is 0.70, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 39,746K shares representing 4.63% ownership of the company. In it's prior filing, the firm reported owning 41,873K shares, representing a decrease of 5.35%. The firm decreased its portfolio allocation in KKR by 5.07% over the last quarter.
Harris Associates L P holds 29,160K shares representing 3.40% ownership of the company. In it's prior filing, the firm reported owning 26,657K shares, representing an increase of 8.59%. The firm increased its portfolio allocation in KKR by 14.85% over the last quarter.
Principal Financial Group holds 24,222K shares representing 2.82% 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 4.05% over the last quarter.
T. Rowe Price Investment Management holds 22,856K shares representing 2.66% ownership of the company. In it's prior filing, the firm reported owning 26,470K shares, representing a decrease of 15.81%. The firm decreased its portfolio allocation in KKR by 12.53% over the last quarter.
ValueAct Holdings holds 20,535K shares representing 2.39% ownership of the company. No change in 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.
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