Wells Fargo & Company Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price target lowered by analysts at Wells Fargo & Company from $141.00 to $120.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the asset manager’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 27.70% from the company’s previous close.

KKR has been the subject of a number of other research reports. Citigroup dropped their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday. JMP Securities cut their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research report on Tuesday. Barclays lowered their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Morgan Stanley reduced their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $158.67.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded down $3.57 during trading on Tuesday, hitting $93.97. 11,692,380 shares of the stock were exchanged, compared to its average volume of 4,824,081. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a market cap of $83.47 billion, a PE ratio of 28.22, a P/E/G ratio of 1.00 and a beta of 1.77. The company has a fifty day moving average price of $129.57 and a two-hundred day moving average price of $140.89. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $1,435,314,000. Nuveen Asset Management LLC boosted its position in KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock worth $973,894,000 after purchasing an additional 3,391,581 shares during the period. GQG Partners LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at $325,752,000. Proficio Capital Partners LLC raised its position in KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after purchasing an additional 1,542,092 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $218,918,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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.