Wells Fargo & Company Has Lowered Expectations for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its target price decreased by stock analysts at Wells Fargo & Company from $151.00 to $150.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 0.99% from the stock’s previous close.

KKR has been the topic of several other research reports. Oppenheimer boosted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Evercore ISI raised their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. The Goldman Sachs Group lifted 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 note on Tuesday, November 19th. Finally, Citigroup increased their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $151.51 on Wednesday. The firm has a market cap of $134.57 billion, a P/E ratio of 46.05, a PEG ratio of 0.96 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The firm’s 50 day moving average price is $154.30 and its two-hundred day moving average price is $139.14.

Hedge Funds Weigh In On KKR & Co. Inc.

Large investors have recently bought and sold shares of the company. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Raleigh Capital Management Inc. boosted its stake in shares of KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at $31,000. Finally, Eastern Bank bought a new position in shares of KKR & Co. Inc. in the 3rd quarter worth about $34,000. 76.26% of the stock is currently owned by institutional investors.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.