Fintel reports that on August 27, 2024, Redburn Atlantic initiated coverage of KKR (NYSE:KKR) with a Buy recommendation.
Analyst Price Forecast Suggests 15.00% Upside
As of August 26, 2024, the average one-year price target for KKR is $140.75/share. The forecasts range from a low of $108.07 to a high of $166.95. The average price target represents an increase of 15.00% from its latest reported closing price of $122.39 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for KKR is 8,737MM, a decrease of 67.17%. The projected annual non-GAAP EPS is 5.10.
What is the Fund Sentiment?
There are 1,808 funds or institutions reporting positions in KKR. This is an increase of 159 owner(s) or 9.64% in the last quarter. Average portfolio weight of all funds dedicated to KKR is 0.53%, an increase of 10.86%. Total shares owned by institutions increased in the last three months by 7.11% to 692,396K shares. 
The put/call ratio of KKR is 0.98, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 41,809K shares representing 4.71% ownership of the company. In its prior filing, the firm reported owning 42,630K shares , representing a decrease of 1.96%. The firm increased its portfolio allocation in KKR by 4.35% over the last quarter.
Wellington Management Group Llp holds 23,373K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 22,053K shares , representing an increase of 5.65%. The firm decreased its portfolio allocation in KKR by 84.25% over the last quarter.
Principal Financial Group holds 21,776K shares representing 2.45% ownership of the company. In its prior filing, the firm reported owning 22,648K shares , representing a decrease of 4.01%. The firm decreased its portfolio allocation in KKR by 44.48% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 21,030K shares representing 2.37% ownership of the company. In its prior filing, the firm reported owning 20,859K shares , representing an increase of 0.81%. The firm increased its portfolio allocation in KKR by 2.58% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 19,375K shares representing 2.18% ownership of the company. In its prior filing, the firm reported owning 17,899K shares , representing an increase of 7.61%. The firm increased its portfolio allocation in KKR by 12.56% 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.
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