UBS Group Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $168.00

KKR & Co. Inc. (NYSE:KKR) had its target price reduced by UBS Group from $176.00 to $168.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. UBS Group’s target price would indicate a potential upside of 30.35% from the stock’s previous close.

Several other research analysts have also issued reports on KKR. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. Citigroup cut their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 7th. TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $157.50.

KKR & Co. Inc. Stock Down 3.8%

KKR traded down $5.09 during midday trading on Tuesday, hitting $128.89. The company had a trading volume of 922,807 shares, compared to its average volume of 3,390,601. The stock’s 50 day moving average price is $126.84 and its 200 day moving average price is $133.11. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a market capitalization of $114.88 billion, a price-to-earnings ratio of 54.65, a PEG ratio of 1.07 and a beta of 1.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the prior year, the firm earned $1.38 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KKR & Co. Inc.

Several hedge funds have recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of KKR & Co. Inc. by 109.6% during the 4th 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 purchased a new stake in KKR & Co. Inc. during the fourth quarter worth about $218,000. First Hawaiian Bank increased its holdings in KKR & Co. Inc. by 66.2% during the first quarter. First Hawaiian Bank now owns 3,080 shares of the asset manager’s stock worth $356,000 after buying an additional 1,227 shares during the last quarter. Swedbank AB raised its position in KKR & Co. Inc. by 1.3% in the first quarter. Swedbank AB now owns 73,695 shares of the asset manager’s stock worth $8,520,000 after acquiring an additional 936 shares during the period. Finally, Parallel Advisors LLC boosted its stake in KKR & Co. Inc. by 70.7% in the second quarter. Parallel Advisors LLC now owns 17,166 shares of the asset manager’s stock valued at $2,284,000 after acquiring an additional 7,110 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.