Barclays Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price target reduced by equities research analysts at Barclays from $169.00 to $159.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Barclays‘s price target suggests a potential upside of 18.83% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Citigroup lowered their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Oppenheimer cut their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. TD Cowen decreased their price target on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, UBS Group began coverage on shares of KKR & Co. Inc. in a research note on Thursday, December 11th. They issued a “buy” rating and a $176.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.07.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $0.16 during trading on Friday, reaching $133.80. The company’s stock had a trading volume of 305,506 shares, compared to its average volume of 3,114,327. The company has a 50-day moving average price of $126.18 and a two-hundred day moving average price of $132.94. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market cap of $119.27 billion, a PE ratio of 56.66, a P/E/G ratio of 1.04 and a beta of 1.99. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the prior year, the business earned $1.38 EPS. On average, analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

Institutional Trading of KKR & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the stock. ESL Trust Services LLC purchased a new position in KKR & Co. Inc. during the third quarter worth $26,000. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $26,000. GGM Financials LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter valued at approximately $27,000. Clearstead Trust LLC purchased a new position in shares of KKR & Co. Inc. during the second quarter valued at approximately $28,000. Finally, Richardson Financial Services Inc. boosted its position in KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.