KKR & Co. Inc. (NYSE:KKR) PT Lowered to $148.00 at TD Cowen

KKR & Co. Inc. (NYSE:KKR) had its target price cut by equities researchers at TD Cowen from $154.00 to $148.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the asset manager’s stock. TD Cowen’s price target indicates a potential upside of 52.78% from the company’s current price.

Several other research firms also recently weighed in on KKR. JMP Securities raised their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Morgan Stanley lifted their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, StockNews.com raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $1.75 during midday trading on Thursday, hitting $96.87. 3,816,421 shares of the company’s stock were exchanged, compared to its average volume of 3,480,317. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The firm has a market capitalization of $85.73 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 0.86 and a beta of 1.62. The company’s 50 day moving average price is $97.60 and its 200 day moving average price is $83.97.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. As a group, analysts predict that KKR & Co. Inc. will post 4.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors have recently bought and sold shares of the stock. Riverview Trust Co bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $27,000. Blue Trust Inc. increased its stake in KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $30,000. Missouri Trust & Investment Co boosted its stake in shares of KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after buying an additional 368 shares during the last quarter. Finally, First United Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $41,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.