TD Cowen Has Lowered Expectations for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price target dropped by stock analysts at TD Cowen from $153.00 to $146.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. TD Cowen’s price target would suggest a potential upside of 20.29% from the company’s previous close.

Several other research analysts also recently weighed in on the company. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. JMP Securities reissued a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Oppenheimer dropped their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.60.

KKR & Co. Inc. Price Performance

KKR stock traded up $0.06 during trading on Monday, reaching $121.38. The company’s stock had a trading volume of 2,128,806 shares, compared to its average volume of 4,682,800. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company’s fifty day moving average is $129.87 and its 200-day moving average is $131.04. The company has a market capitalization of $108.14 billion, a P/E ratio of 56.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the business earned $1.38 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors have recently modified their holdings of KKR. Gardner Lewis Asset Management L P bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $677,000. AMJ Financial Wealth Management purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at $9,931,000. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of KKR & Co. Inc. by 2.4% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 194,480 shares of the asset manager’s stock worth $25,273,000 after acquiring an additional 4,526 shares during the last quarter. Bowen Hanes & Co. Inc. lifted its holdings in shares of KKR & Co. Inc. by 11.5% in the 3rd quarter. Bowen Hanes & Co. Inc. now owns 55,380 shares of the asset manager’s stock worth $7,197,000 after acquiring an additional 5,690 shares during the last quarter. Finally, Tredje AP fonden boosted its stake in shares of KKR & Co. Inc. by 47.0% during the 3rd quarter. Tredje AP fonden now owns 475,918 shares of the asset manager’s stock worth $61,846,000 after purchasing an additional 152,162 shares during the period. 76.26% of the stock is 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.