KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $127.00 at Barclays

KKR & Co. Inc. (NYSE:KKR) had its price objective cut by investment analysts at Barclays from $136.00 to $127.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the asset manager’s stock. Barclays‘s price objective suggests a potential upside of 44.28% from the stock’s previous close.

KKR has been the subject of a number of other research reports. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research note on Wednesday, January 28th. Finally, TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price target for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $151.80.

KKR & Co. Inc. Price Performance

NYSE:KKR traded up $0.34 during midday trading on Monday, hitting $88.02. The company had a trading volume of 2,535,271 shares, compared to its average volume of 7,417,229. The company has a market capitalization of $78.46 billion, a PE ratio of 37.10, a P/E/G ratio of 0.63 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. has a 52-week low of $84.52 and a 52-week high of $153.87. The stock’s fifty day moving average price is $117.03 and its 200-day moving average price is $125.31.

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

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Scott C. Nuttall bought 125,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was acquired at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the purchase, the chief executive officer owned 15,503,748 shares of the company’s stock, valued at approximately $1,591,614,769.68. This trade represents a 0.81% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Barakett purchased 50,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was bought 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 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 343,872 shares of company stock worth $35,367,179. Corporate insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of KKR. Kera Capital Partners Inc. raised its position in shares of KKR & Co. Inc. by 6.2% in the 4th quarter. Kera Capital Partners Inc. now owns 2,736 shares of the asset manager’s stock worth $349,000 after purchasing an additional 159 shares during the last quarter. MV Capital Management Inc. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $31,000. Compound Planning Inc. grew its holdings in shares of KKR & Co. Inc. by 68.8% during the fourth quarter. Compound Planning Inc. now owns 17,604 shares of the asset manager’s stock valued at $2,244,000 after buying an additional 7,172 shares during the last quarter. ATX Financial Planning LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $806,000. Finally, First Growth Capital LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $301,000. 76.26% of the stock is owned by hedge funds and other 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.