KKR & Co. Inc. (NYSE:KKR) Stock Gets Price Target Cut from Barclays

KKR & Co. Inc. (NYSE:KKR) had its target price trimmed by Barclays from $130.00 to $127.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the asset manager’s stock.

A number of other equities analysts have also commented on the company. Evercore dropped their price target on KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. HSBC decreased their price objective on KKR & Co. Inc. from $121.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. Argus upped their price objective on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Bank of America lowered their target price on KKR & Co. Inc. from $147.00 to $143.00 in a research report on Tuesday, August 4th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.58.

KKR & Co. Inc. Stock Up 1.2%

Shares of KKR opened at $93.03 on Monday. The business’s 50 day moving average is $97.59 and its 200 day moving average is $99.51. The company has a market capitalization of $83.51 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.83. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business earned $1.18 earnings per share. Research analysts expect that KKR & Co. Inc. will post 7.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the sale, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.20% of the stock is owned by insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of KKR & Co. Inc. by 6.9% during the 1st quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock worth $1,804,470,000 after acquiring an additional 1,261,314 shares during the last quarter. Legal & General Group Plc purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at $470,778,000. Amundi grew its position in KKR & Co. Inc. by 65.3% in the 1st quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock valued at $344,659,000 after acquiring an additional 1,472,265 shares during the last quarter. Temasek Holdings Private Ltd grew its position in KKR & Co. Inc. by 164.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after acquiring an additional 2,190,248 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in KKR & Co. Inc. by 1.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,461,541 shares of the asset manager’s stock valued at $317,700,000 after acquiring an additional 55,489 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. News Summary

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: Evercore ISI raised its price target for KKR to $115 from $109, signaling increased confidence in the alternative-asset manager’s valuation and supporting investor sentiment. Evercore ISI Adjusts KKR Price Target
• Positive Sentiment: KKR and the Kuwait Investment Authority discussed investment opportunities in Kuwait and agreed to expand global collaboration. The development could broaden KKR’s access to sovereign capital and new transactions. KIA and KKR Discuss Investment Opportunities
• Positive Sentiment: BMO Capital Markets maintained an “outperform” rating despite lowering its target to $109 from $118. The revised target still represents meaningful potential appreciation from KKR’s current trading level. BMO Capital Adjusts Price Target
• Neutral Sentiment: KKR is preparing for its earnings release, keeping investor attention focused on fundraising, fee-related earnings, investment realizations and management’s outlook for the remainder of the year. What You Need to Know Ahead of KKR’s Earnings Release
• Neutral Sentiment: Brian J. Lee’s appointment to KKR’s board brings additional public visibility to his insider transactions, although the report does not identify a fundamental change to the company’s outlook. Brian J. Lee Joins KKR’s Board
• Neutral Sentiment: KKR executives are reportedly considering a transaction involving Ben & Jerry’s that could separate the ice-cream brand from Magnum. The potential deal may create an investment opportunity, but its terms and financial impact remain unclear. Ben & Jerry’s Founders Mull Deal
• Negative Sentiment: Barclays reduced its price target to $127 from $130, while BMO lowered its target to $109 from $118. The cuts suggest analysts have moderated their valuation assumptions, even though Barclays and BMO remain constructive overall. Barclays Cuts Target for KKR Stock

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.