KKR & Co. Inc. (NYSE:KKR) Stock Price Target Cut by Barclays

KKR & Co. Inc. (NYSE:KKR) had its price objective lowered by Barclays from $130.00 to $127.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the asset manager’s stock. Barclays‘s price target indicates a potential upside of 37.27% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Evercore decreased their price target on shares of KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. BNP Paribas Exane decreased their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Piper Sandler cut their price target on shares of KKR & Co. Inc. from $128.00 to $121.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, TD Cowen dropped their price objective on KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating on the stock in a report on Monday, October 12th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.05.

KKR & Co. Inc. Stock Performance

NYSE KKR traded up $1.18 during trading hours on Monday, reaching $92.52. The stock had a trading volume of 512,052 shares, compared to its average volume of 5,593,183. 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 stock has a fifty day moving average of $98.54 and a 200 day moving average of $98.44. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $144.84. The stock has a market cap of $83.05 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 0.70 and a beta of 1.83.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same quarter last year, the firm posted $1.18 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 7.35 earnings per share for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in KKR & Co. Inc. during the 2nd quarter worth about $470,778,000. Bank of New York Mellon Corp bought a new stake in KKR & Co. Inc. during the second quarter valued at about $298,311,000. Temasek Holdings Private Ltd grew its holdings in 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 valued at $325,859,000 after buying an additional 2,190,248 shares during the last quarter. Deutsche Bank AG bought a new position in KKR & Co. Inc. during the second quarter worth $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of KKR & Co. Inc. during the second quarter valued at about $147,628,000. 76.26% of the stock is owned by institutional investors and hedge funds.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.