KKR & Co. Inc. revealed that it has increased its share repurchase authorization to $500 million. As of October 29, 2021, about $160 million of buyback authority remained outstanding under the previous program.
KKR engages in the provision of investment and private equity asset management services. Also, the company manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds.
Consensus among analysts is a Strong Buy based on 8 Buys and 2 Holds. The KKR price target of $89.40 implies upside potential of 15.7% to current levels.
Read more/Source: Nasdaq
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