KKR & Co. Inc. (NYSE:KKR) Stock Gets Price Target Cut from Jefferies Financial Group

KKR & Co. Inc. (NYSE:KKR) had its price objective lowered by research analysts at Jefferies Financial Group from $129.00 to $112.00 in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the asset manager’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 23.15% from the stock’s current price.

A number of other equities analysts have also recently commented on KKR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KKR & Co. Inc. in a research note on Friday, September 11th. Wells Fargo & Company initiated coverage on KKR & Co. Inc. in a report on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price target on the stock. BMO Capital Markets upped their target price on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Barclays cut their price objective on KKR & Co. Inc. from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Oppenheimer upped their target price on KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.62.

KKR & Co. Inc. Stock Up 1.5%

Shares of KKR stock traded up $1.39 on Tuesday, reaching $90.95. 4,347,022 shares of the company were exchanged, compared to its average volume of 4,309,846. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The company has a market cap of $81.64 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 0.78 and a beta of 1.83. The company has a 50-day moving average of $102.40 and a 200-day moving average of $98.52.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results 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 return on equity of 5.88% and a net margin of 14.41%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the company earned $1.18 earnings per share. Analysts anticipate that KKR & Co. Inc. will post 6.22 earnings per share for the current year.

Insiders Place Their Bets

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the firm’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 owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This trade represents a 54.02% decrease 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. 23.20% of the stock is owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at $470,778,000. Bank of New York Mellon Corp bought a new position in KKR & Co. Inc. in the 2nd quarter valued at about $298,311,000. Temasek Holdings Private Ltd grew its stake in shares of KKR & Co. Inc. by 164.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock worth $325,859,000 after purchasing an additional 2,190,248 shares during the last quarter. Deutsche Bank AG purchased a new stake in KKR & Co. Inc. during the second quarter valued at about $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of KKR & Co. Inc. during the second quarter worth approximately $147,628,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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.