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

KKR & Co. Inc. (NYSE:KKR) had its target price cut by Barclays from $135.00 to $130.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the asset manager’s stock. Barclays‘s price target indicates a potential upside of 47.02% from the stock’s previous close.

A number of other brokerages have also weighed in on KKR. BMO Capital Markets increased their price target on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Oppenheimer lifted their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. HSBC upped their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Finally, Argus raised their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.08.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $1.25 during trading hours on Thursday, reaching $88.42. The company had a trading volume of 1,375,355 shares, compared to its average volume of 5,529,236. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The business has a fifty day moving average price of $102.85 and a 200-day moving average price of $98.57. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The firm has a market cap of $79.37 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.83.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 6.22 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider directly owned 8,513 shares in the company, valued at $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 23.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Canandaigua National Trust Co of Florida purchased a new stake in KKR & Co. Inc. in the third quarter worth about $608,000. Moody National Bank Trust Division lifted its position in shares of KKR & Co. Inc. by 47.8% during the 3rd quarter. Moody National Bank Trust Division now owns 11,512 shares of the asset manager’s stock valued at $1,051,000 after buying an additional 3,724 shares in the last quarter. Eastern Bank lifted its position in shares of KKR & Co. Inc. by 28.1% during the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock valued at $50,000 after buying an additional 120 shares in the last quarter. Boltwood Capital Management grew its stake in shares of KKR & Co. Inc. by 12.9% during the 3rd quarter. Boltwood Capital Management now owns 3,917 shares of the asset manager’s stock valued at $358,000 after acquiring an additional 448 shares during the period. Finally, CX Institutional grew its stake in shares of KKR & Co. Inc. by 8.6% during the 3rd quarter. CX Institutional now owns 3,786 shares of the asset manager’s stock valued at $346,000 after acquiring an additional 299 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.