Keefe, Bruyette & Woods Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its target price decreased by investment analysts at Keefe, Bruyette & Woods from $170.00 to $168.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 17.09% from the stock’s current price.

Several other equities research analysts have also issued reports on KKR. JMP Securities raised their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their price target on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $143.48 on Monday. KKR & Co. Inc. has a 52 week low of $80.20 and a 52 week high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $152.37 and a 200-day moving average price of $133.61. The company has a market cap of $127.44 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $0.73 EPS. Equities analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KKR. USA Financial Formulas increased its holdings in shares of KKR & Co. Inc. by 9.8% during the 4th quarter. USA Financial Formulas now owns 7,477 shares of the asset manager’s stock worth $1,106,000 after buying an additional 666 shares during the last quarter. Caldwell Investment Management Ltd. boosted its stake in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock valued at $31,477,000 after acquiring an additional 5,900 shares in the last quarter. Park Avenue Securities LLC increased its position in KKR & Co. Inc. by 44.6% during the fourth quarter. Park Avenue Securities LLC now owns 22,868 shares of the asset manager’s stock worth $3,382,000 after buying an additional 7,058 shares during the period. Assenagon Asset Management S.A. increased its position in KKR & Co. Inc. by 61.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 890,926 shares of the asset manager’s stock valued at $131,777,000 after acquiring an additional 338,019 shares during the period. Finally, Community Trust & Investment Co. raised its stake in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Community Trust & Investment Co. now owns 84,301 shares of the asset manager’s stock worth $12,469,000 after purchasing an additional 2,385 shares during the last quarter. 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.