Jefferies Financial Group Has Lowered Expectations for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price target lowered by equities research analysts at Jefferies Financial Group from $129.00 to $112.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the asset manager’s stock. Jefferies Financial Group’s price objective points to a potential upside of 23.15% from the company’s previous close.

A number of other analysts also recently commented on KKR. Oppenheimer boosted their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. BMO Capital Markets raised their target price on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. HSBC lifted their target price on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Barclays dropped their price target on shares of KKR & Co. Inc. from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.62.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $1.39 on Tuesday, hitting $90.95. The company had a trading volume of 4,347,022 shares, compared to its average volume of 4,309,846. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $81.64 billion, a PE ratio of 28.96, a PEG ratio of 0.78 and a beta of 1.83. The business has a 50-day simple moving average of $102.40 and a 200-day simple moving average of $98.52.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $1.18 earnings per share. Research analysts expect that KKR & Co. Inc. will post 6.22 EPS for the current fiscal year.

Insider Buying and Selling at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction on 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 directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This trade represents a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently modified their holdings of the stock. MV Capital Management Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $31,000. Hanson & Doremus Investment Management increased its stake in KKR & Co. Inc. by 83.3% in the 1st quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager’s stock worth $31,000 after purchasing an additional 150 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in KKR & Co. Inc. during the 2nd quarter worth about $34,000. Western Pacific Wealth Management LP raised its holdings in KKR & Co. Inc. by 34.8% during the 1st quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock worth $36,000 after buying an additional 100 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new stake in KKR & Co. Inc. during the first quarter valued at about $39,000. 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, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.