KKR & Co. Inc. (NYSE:KKR) Stock Rating Lowered by TD Cowen

KKR & Co. Inc. (NYSE:KKR) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, MarketBeat.com reports. They presently have a $131.00 price target on the asset manager’s stock. TD Cowen’s target price points to a potential upside of 0.70% from the company’s previous close.

Several other equities research analysts also recently weighed in on KKR. Citigroup decreased their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Oppenheimer lowered their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. UBS Group dropped their price target on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 7th. Finally, Barclays lowered their price objective on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.43.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $130.08 on Wednesday. The firm’s fifty day simple moving average is $127.08 and its 200-day simple moving average is $133.08. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The stock has a market capitalization of $115.95 billion, a price-to-earnings ratio of 55.12, a PEG ratio of 1.06 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $1.38 EPS. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Hedge Funds Weigh In On KKR & Co. Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Interstate Bank purchased a new stake in shares of KKR & Co. Inc. in the second quarter valued at $3,115,000. Aberdeen Group plc raised its stake in KKR & Co. Inc. by 4.1% in the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after purchasing an additional 10,960 shares during the last quarter. California Public Employees Retirement System lifted its holdings in KKR & Co. Inc. by 5.8% in the 2nd quarter. California Public Employees Retirement System now owns 1,145,391 shares of the asset manager’s stock valued at $152,371,000 after purchasing an additional 62,566 shares in the last quarter. Natixis boosted its stake in shares of KKR & Co. Inc. by 48.1% during the 2nd quarter. Natixis now owns 154,537 shares of the asset manager’s stock worth $20,558,000 after purchasing an additional 50,176 shares during the last quarter. Finally, Generali Asset Management SPA SGR grew its holdings in shares of KKR & Co. Inc. by 132.5% during the third quarter. Generali Asset Management SPA SGR now owns 37,323 shares of the asset manager’s stock worth $4,850,000 after buying an additional 21,270 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

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.