The Goldman Sachs Group Has Lowered Expectations for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price target decreased by equities research analysts at The Goldman Sachs Group from $145.00 to $110.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the asset manager’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 21.99% from the company’s previous close.

KKR has been the subject of several other reports. BMO Capital Markets decreased their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Barclays decreased their price objective on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Wednesday, January 28th. Finally, UBS Group decreased their price objective on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.20.

KKR & Co. Inc. Trading Down 1.0%

KKR traded down $0.88 during trading on Tuesday, hitting $90.17. 1,503,439 shares of the stock traded hands, compared to its average volume of 7,531,306. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The firm has a market capitalization of $80.39 billion, a P/E ratio of 38.54, a price-to-earnings-growth ratio of 0.67 and a beta of 1.93. The firm has a 50-day moving average of $96.56 and a 200 day moving average of $116.06.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Matt Cohler purchased 43,872 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the purchase, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. The trade was a 2,733.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Y. Bae purchased 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the purchase, 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. The SEC filing for this purchase provides additional information. Insiders have purchased 393,872 shares of company stock valued at $40,090,679 in the last quarter. 23.20% of the stock is owned by insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of KKR. ESL Trust Services LLC purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth about $26,000. Asset Dedication LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth about $26,000. GGM Financials LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $27,000. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter valued at about $27,000. Finally, Elyxium Wealth LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at about $27,000. 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.