Morgan Stanley Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its target price decreased by analysts at Morgan Stanley from $170.00 to $166.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the asset manager’s stock. Morgan Stanley’s price target suggests a potential upside of 34.72% from the company’s current price.

Several other brokerages also recently commented on KKR. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective on the stock. in a research note on Wednesday, July 9th. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price for the company. Keefe, Bruyette & Woods increased their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Barclays lifted their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Citigroup dropped their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

KKR & Co. Inc. Trading Down 0.4%

Shares of NYSE KKR opened at $123.22 on Tuesday. The company’s 50 day simple moving average is $134.85 and its 200 day simple moving average is $129.00. The firm has a market capitalization of $109.78 billion, a P/E ratio of 57.31, a P/E/G ratio of 1.39 and a beta of 1.91. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

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

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the 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 owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade 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 accessible through this link. Insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in KKR & Co. Inc. during the 2nd quarter worth $1,530,419,000. Nuveen LLC acquired a new position in shares of KKR & Co. Inc. in the first quarter valued at about $844,137,000. Jennison Associates LLC increased its position in KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock worth $507,972,000 after acquiring an additional 4,306,290 shares during the period. Amundi raised its stake in KKR & Co. Inc. by 114.2% in the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after purchasing an additional 2,439,505 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after purchasing an additional 2,391,434 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Company Profile

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.