BMO Capital Markets Lowers KKR & Co. Inc. (NYSE:KKR) Price Target to $112.00

KKR & Co. Inc. (NYSE:KKR) had its target price lowered by equities researchers at BMO Capital Markets from $120.00 to $112.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. BMO Capital Markets’ target price points to a potential upside of 15.52% from the stock’s previous close.

KKR has been the subject of a number of other reports. TD Cowen dropped their price target on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Morgan Stanley reduced their price target on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Piper Sandler dropped their price objective on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Finally, The Goldman Sachs Group dropped their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.31.

KKR & Co. Inc. Stock Up 0.0%

KKR & Co. Inc. stock opened at $96.95 on Monday. The company’s 50-day moving average price is $95.69 and its two-hundred day moving average price is $102.42. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The stock has a market cap of $87.05 billion, a P/E ratio of 32.98, a P/E/G ratio of 0.82 and a beta of 1.79. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. As a group, analysts expect that KKR & Co. Inc. will post 5.55 EPS for the current year.

KKR & Co. Inc. declared that its Board of Directors has approved a stock buyback plan on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $1,715,929,000. Viking Global Investors LP bought a new stake in KKR & Co. Inc. during the 3rd quarter worth $352,038,000. Temasek Holdings Private Ltd increased 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 worth $325,859,000 after purchasing an additional 2,190,248 shares in the last quarter. Farallon Capital Management LLC acquired a new position in KKR & Co. Inc. in the 4th quarter worth about $257,216,000. Finally, Amundi increased its holdings in KKR & Co. Inc. by 65.3% in the 1st quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock worth $344,659,000 after purchasing an additional 1,472,265 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.