UBS Group Lowers KKR & Co. Inc. (NYSE:KKR) Price Target to $125.00

KKR & Co. Inc. (NYSE:KKR) had its price target dropped by equities researchers at UBS Group from $168.00 to $125.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the asset manager’s stock. UBS Group’s target price suggests a potential upside of 24.09% from the stock’s previous close.

KKR has been the subject of several other research reports. Oppenheimer dropped their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Barclays lowered their target price on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a report on Wednesday, January 28th. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $153.50.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $0.91 during trading on Friday, hitting $100.73. The stock had a trading volume of 4,009,546 shares, compared to its average volume of 6,527,490. The stock has a market cap of $89.79 billion, a price-to-earnings ratio of 43.00, a price-to-earnings-growth ratio of 0.82 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. The stock’s 50 day moving average is $121.70 and its two-hundred day moving average is $127.65. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.The business’s revenue for the quarter was up 76.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

Insiders Place Their Bets

In other news, Director Timothy R. Barakett purchased 50,000 shares of KKR & Co. Inc. stock in a transaction on Monday, February 9th. The shares were purchased at an average cost of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the transaction, the director directly owned 235,000 shares in the company, valued at approximately $24,658,550. This represents a 27.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph Y. Bae purchased 125,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, February 17th. The shares were bought at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the transaction, the chief executive officer owned 509,257 shares in the company, valued at $52,040,972.83. This represents a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 343,872 shares of company stock valued at $35,367,179 in the last three months. 39.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Southeast Asset Advisors LLC increased its stake in shares of KKR & Co. Inc. by 0.3% in the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock valued at $2,983,000 after buying an additional 68 shares during the period. Moors & Cabot Inc. increased its position in shares of KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after acquiring an additional 75 shares in the last quarter. Berbice Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. by 3.5% during the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after purchasing an additional 75 shares in the last quarter. SteelPeak Wealth LLC lifted its stake in KKR & Co. Inc. by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after acquiring an additional 80 shares during the period. Finally, Diversified Trust Co. raised its stake in KKR & Co. Inc. by 1.5% during the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after acquiring an additional 82 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Company Profile

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.