KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $148.00

KKR & Co. Inc. (NYSE:KKR) had its target price lowered by stock analysts at TD Cowen from $154.00 to $148.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the asset manager’s stock. TD Cowen’s price target indicates a potential upside of 55.77% from the stock’s current price.

A number of other analysts also recently issued reports on KKR. Morgan Stanley raised their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company lifted their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. JMP Securities upped their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. StockNews.com upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.00.

KKR & Co. Inc. Stock Performance

NYSE KKR traded down $2.12 during trading hours on Thursday, reaching $95.01. 5,831,690 shares of the company were exchanged, compared to its average volume of 3,719,035. The stock has a market capitalization of $84.08 billion, a P/E ratio of 21.30, a P/E/G ratio of 0.90 and a beta of 1.62. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The business’s 50 day simple moving average is $97.61 and its 200-day simple moving average is $84.30.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. On average, equities research analysts expect that KKR & Co. Inc. will post 4.15 earnings per share for the current year.

Insider Activity

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the transaction, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the transaction, the insider now directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in shares of KKR & Co. Inc. during the 1st quarter valued at about $27,000. Blue Trust Inc. raised its stake in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after acquiring an additional 211 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Missouri Trust & Investment Co boosted its stake in shares of KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 368 shares in the last quarter. Finally, First United Bank & Trust bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $41,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.