Keefe, Bruyette & Woods Maintains Outperform Rating for KKR & Co: Here's What You Need To Know

Keefe, Bruyette & Woods has decided to maintain its Outperform rating of KKR & Co KKR and raise its price target from $75.00 to $90.00.

Shares of KKR & Co are trading up 0.71% over the last 24 hours, at $75.40 per share.

A move to $90.00 would account for a 19.36% increase from the current share price.

About KKR & Co

KKR is one of the world's largest alternative asset managers, with $518.5 billion in total assets under management, including $420.0 billion in fee-earning AUM, at the end of June 2023. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the October 2020 purchase of a 61.5% economic stake in Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance). On the asset management side, private markets account for 50% of fee-earning AUM and 70% of base management fees, while public markets account for 50% and 30%, respectively.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.