Oppenheimer Lowers KKR & Co. Inc. (NYSE:KKR) Price Target to $164.00

KKR & Co. Inc. (NYSE:KKR) had its price objective reduced by Oppenheimer from $166.00 to $164.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. Oppenheimer’s target price would indicate a potential upside of 31.57% from the company’s previous close.

A number of other research firms have also commented on KKR. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective on the stock. Citigroup dropped their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday. Evercore ISI boosted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Piper Sandler started coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.20.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $124.65 on Tuesday. The stock’s 50 day moving average is $137.23 and its 200 day moving average is $128.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $111.06 billion, a P/E ratio of 57.98, a P/E/G ratio of 1.40 and a beta of 1.91. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the previous year, the firm earned $1.09 earnings per share. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of KKR. Brighton Jones LLC raised its position in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $218,000. Dynamic Advisor Solutions LLC raised its position in shares of KKR & Co. Inc. by 2.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 7,609 shares of the asset manager’s stock worth $880,000 after purchasing an additional 163 shares during the period. Ritholtz Wealth Management raised its position in shares of KKR & Co. Inc. by 53.0% during the first quarter. Ritholtz Wealth Management now owns 4,402 shares of the asset manager’s stock worth $509,000 after purchasing an additional 1,524 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of KKR & Co. Inc. by 87.3% during the first quarter. Janney Montgomery Scott LLC now owns 230,990 shares of the asset manager’s stock worth $26,705,000 after purchasing an additional 107,691 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.