KKR & Co. Inc. (NYSE:KKR) Stock Price Target Cut by BMO Capital Markets

KKR & Co. Inc. (NYSE:KKR) had its target price reduced by BMO Capital Markets from $118.00 to $109.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. BMO Capital Markets‘s price objective points to a potential upside of 18.66% from the company’s current price.

Several other brokerages have also issued reports on KKR. Barclays cut their target price on shares of KKR & Co. Inc. from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday. Bank of America cut their price objective on shares of KKR & Co. Inc. from $147.00 to $143.00 in a research report on Tuesday, August 4th. Argus upped their price objective on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. BNP Paribas Exane decreased their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating on the stock in a report on Thursday, October 1st. Finally, Jefferies Financial Group lowered their target price on KKR & Co. Inc. from $129.00 to $112.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $123.58.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $0.24 during trading on Tuesday, reaching $91.86. 839,770 shares of the company traded hands, compared to its average volume of 5,582,151. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $144.84. The stock has a market capitalization of $82.46 billion, a PE ratio of 29.18, a P/E/G ratio of 0.70 and a beta of 1.83. The firm has a 50 day simple moving average of $98.66 and a 200-day simple moving average of $100.13.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm earned $1.18 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 7.35 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 KKR & Co. Inc. stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the transaction, the insider owned 8,513 shares of the company’s stock, valued at $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.20% of the stock is owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Hedge funds and other institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its stake in shares of KKR & Co. Inc. by 7.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 304,263 shares of the asset manager’s stock valued at $27,779,000 after buying an additional 20,209 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in KKR & Co. Inc. by 7.5% in the 3rd quarter. Park Avenue Securities LLC now owns 11,659 shares of the asset manager’s stock worth $1,064,000 after buying an additional 815 shares during the period. Leo Wealth LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth $219,000. Kingswood Wealth Advisors LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth $270,000. Finally, Citizens Financial Group Inc. RI increased its stake in KKR & Co. Inc. by 8.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 36,132 shares of the asset manager’s stock worth $3,299,000 after buying an additional 2,693 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: Potential Ben & Jerry’s transaction: The founders of Ben & Jerry’s are reportedly considering a deal involving a KKR executive to separate the ice cream brand from Magnum’s owner. If KKR or an affiliated executive participates, the transaction could create a new investment opportunity and generate future management or transaction fees, although the report does not indicate a finalized KKR corporate acquisition. Ben & Jerry’s founders mull deal with KKR executive
• Positive Sentiment: Board appointment strengthens oversight: KKR appointed Brian J. Lee, former Goldman Sachs chief risk officer, to its board and its audit and risk committees. The appointment increases independent directors to eight of 12 seats and adds senior risk-management expertise, which may support governance and investor confidence. KKR appoints Brian J. Lee to board
• Positive Sentiment: Long-term growth case remains intact: An analyst review highlighted multiple growth engines that could support continued compounding at KKR, including expansion across alternative-asset strategies and fee-related earnings. Multiple growth engines support long-term compounding at KKR
• Neutral Sentiment: KKR presented at the BMO conference, giving investors an opportunity to assess its strategy and outlook, but no major new financial guidance was reported. KKR presents at BMO conference
• Negative Sentiment: Analysts trimmed targets: BMO lowered its KKR price target to $109 from $118, while Barclays cut its target to $127 from $130. Barclays retained an “overweight” rating, and both targets remain above the recent share price, but the reductions signal moderated expectations and may weigh on sentiment. BMO adjusts KKR price target

KKR & Co. Inc. Company Profile

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.