KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $148.00 at TD Cowen

KKR & Co. Inc. (NYSE:KKR) had its price objective decreased by equities researchers at TD Cowen from $154.00 to $148.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the asset manager’s stock. TD Cowen’s target price would suggest a potential upside of 52.78% from the stock’s current price.

A number of other analysts have also weighed in on KKR. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. JMP Securities increased their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Morgan Stanley upped their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. StockNews.com raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Barclays upped their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

KKR & Co. Inc. Price Performance

KKR traded up $1.75 during trading on Thursday, hitting $96.87. 3,816,421 shares of the company traded hands, compared to its average volume of 3,480,317. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The company has a market cap of $85.73 billion, a PE ratio of 23.69, a P/E/G ratio of 0.86 and a beta of 1.62. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The stock’s 50-day simple moving average is $97.60 and its two-hundred day simple moving average is $83.97.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the purchase, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Cookson Peirce & Co. Inc. purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $9,636,000. Vanguard Group Inc. boosted its position in shares of KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after acquiring an additional 475,118 shares during the last quarter. Community Trust & Investment Co. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $6,615,000. TIAA Trust National Association purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $8,530,000. Finally, abrdn plc raised its stake in KKR & Co. Inc. by 83.9% during the fourth quarter. abrdn plc now owns 293,690 shares of the asset manager’s stock worth $24,332,000 after purchasing an additional 134,003 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.