KKR & Co. Inc. (NYSE:KKR) Stock Price Target Lowered at Barclays

KKR & Co. Inc. (NYSE:KKR) had its price objective reduced by investment analysts at Barclays from $135.00 to $130.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Barclays‘s target price would suggest a potential upside of 47.02% from the stock’s current price.

Other equities analysts also recently issued reports about the company. TD Cowen boosted their price objective on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Oppenheimer increased their target price on KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Morgan Stanley decreased their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Argus boosted their price target 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, Wells Fargo & Company initiated coverage on KKR & Co. Inc. in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price target for the company. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.08.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $1.25 during trading hours on Thursday, reaching $88.42. 1,375,355 shares of the stock traded hands, compared to its average volume of 5,529,236. 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. has a 52-week low of $82.67 and a 52-week high of $144.84. The company’s 50-day moving average price is $102.85 and its two-hundred day moving average price is $98.57. The company has a market cap of $79.37 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.83.

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 the consensus estimate 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 company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, analysts anticipate that KKR & Co. Inc. will post 6.22 earnings per share for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider owned 8,513 shares in the company, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 23.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KKR. Principal Financial Group Inc. increased its stake in KKR & Co. Inc. by 6.9% in 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. First Manhattan CO. LLC. boosted its position in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock valued at $1,095,951,000 after acquiring an additional 67,441 shares during the last quarter. Legal & General Group Plc bought a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at approximately $470,778,000. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of KKR & Co. Inc. by 2.1% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,877,794 shares of the asset manager’s stock valued at $494,341,000 after purchasing an additional 79,449 shares in the last quarter. Finally, Amundi increased its position in KKR & Co. Inc. by 65.3% in the first quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock worth $344,659,000 after purchasing an additional 1,472,265 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.