KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $112.00 by Analysts at Jefferies Financial Group

KKR & Co. Inc. (NYSE:KKR) had its price target dropped by analysts at Jefferies Financial Group from $129.00 to $112.00 in a research note issued on Tuesday. The firm presently has a “buy” rating on the asset manager’s stock. Jefferies Financial Group’s price target suggests a potential upside of 23.15% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Oppenheimer boosted their price target on shares of 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 dropped their price objective on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. in a report on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price objective for the company. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Finally, TD Cowen boosted their target price on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Eighteen 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 an average price target of $127.62.

KKR & Co. Inc. Stock Up 1.5%

KKR & Co. Inc. stock traded up $1.39 during mid-day trading on Tuesday, reaching $90.95. The company’s stock had a trading volume of 4,347,022 shares, compared to its average volume of 4,309,846. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The business’s 50 day simple moving average is $102.40 and its 200 day simple moving average is $98.52. The company has a market capitalization of $81.64 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 0.78 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.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same quarter in the prior year, the company earned $1.18 earnings per share. As a group, research analysts anticipate that KKR & Co. Inc. will post 6.22 earnings per share for the current year.

Insider Activity at KKR & Co. Inc.

In related 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 sale, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.20% of the stock is owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds have recently made changes to their positions in the stock. Border to Coast Pensions Partnership Ltd increased its stake in KKR & Co. Inc. by 14.5% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock valued at $40,361,000 after buying an additional 55,000 shares during the period. Andra AP fonden grew its holdings in KKR & Co. Inc. by 201.7% in the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock valued at $5,331,000 after buying an additional 38,530 shares during the period. NEOS Investment Management LLC raised its holdings in shares of KKR & Co. Inc. by 12.6% in the 2nd quarter. NEOS Investment Management LLC now owns 112,137 shares of the asset manager’s stock worth $10,292,000 after purchasing an additional 12,529 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the second quarter worth about $7,358,000. Finally, Next Capital Management LLC grew its stake in shares of KKR & Co. Inc. by 135.6% during the first quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager’s stock valued at $4,419,000 after acquiring an additional 27,498 shares in 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 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.