KKR & Co. Inc. (NYSE:KKR – Get Free Report) had its target price cut by research analysts at Barclays from $130.00 to $127.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Barclays‘s target price would indicate a potential upside of 37.27% from the company’s previous close.
KKR has been the subject of several other reports. Jefferies Financial Group dropped their target price on KKR & Co. Inc. from $129.00 to $112.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. BMO Capital Markets increased their target price on KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Finally, Wells Fargo & Company began coverage on KKR & Co. Inc. in a report on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 target price for the company. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $124.05.
Read Our Latest Analysis on KKR
KKR & Co. Inc. Price Performance
Shares of KKR traded up $1.18 during midday trading on Monday, hitting $92.52. The company’s stock had a trading volume of 512,052 shares, compared to its average volume of 5,593,183. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $83.05 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 0.70 and a beta of 1.83. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The company’s fifty day simple moving average is $98.54 and its two-hundred day simple moving average is $98.44.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last posted its quarterly 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. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $1.18 EPS. As a group, equities analysts expect that KKR & Co. Inc. will post 7.35 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Dane Holmes sold 10,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider owned 8,513 shares in the company, valued at $924,341.54. This 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 through the SEC website. Corporate insiders own 23.20% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of KKR. Ausdal Financial Partners Inc. increased its stake in shares of KKR & Co. Inc. by 4.4% in the second quarter. Ausdal Financial Partners Inc. now owns 2,645 shares of the asset manager’s stock worth $243,000 after buying an additional 112 shares during the period. Mayflower Financial Advisors LLC increased its position in shares of KKR & Co. Inc. by 4.0% in the first quarter. Mayflower Financial Advisors LLC now owns 2,907 shares of the asset manager’s stock valued at $269,000 after acquiring an additional 113 shares during the period. Eastern Bank increased its position in shares of KKR & Co. Inc. by 28.1% in the third quarter. Eastern Bank now owns 547 shares of the asset manager’s stock valued at $50,000 after acquiring an additional 120 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of KKR & Co. Inc. by 3.6% during the first quarter. Sunbelt Securities Inc. now owns 3,991 shares of the asset manager’s stock worth $369,000 after purchasing an additional 140 shares during the period. Finally, Boltwood Capital Management boosted its holdings in shares of KKR & Co. Inc. by 4.5% during the second quarter. Boltwood Capital Management now owns 3,469 shares of the asset manager’s stock worth $318,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.
KKR & Co. Inc. Company Profile
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.
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