Royal Bank Of Canada Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $125.00

KKR & Co. Inc. (NYSE:KKR) had its target price reduced by research analysts at Royal Bank Of Canada from $128.00 to $125.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 30.04% from the company’s current price.

Other analysts have also issued reports about the stock. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday, May 18th. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Finally, BMO Capital Markets reduced their price objective on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.08.

KKR & Co. Inc. Stock Down 0.8%

KKR traded down $0.82 on Monday, hitting $96.12. 293,552 shares of the company were exchanged, compared to its average volume of 6,110,761. The firm has a 50-day moving average price of $95.69 and a two-hundred day moving average price of $102.42. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The company has a market cap of $86.31 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, equities analysts predict that KKR & Co. Inc. will post 5.55 earnings per share for the current year.

KKR & Co. Inc. announced that its board has authorized a stock buyback plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On KKR & Co. Inc.

Hedge funds have recently made changes to their positions in the business. Asset Dedication LLC acquired a new position in KKR & Co. Inc. during the third quarter worth $26,000. Washington Trust Advisors Inc. purchased a new position in KKR & Co. Inc. in the fourth quarter worth $27,000. Elyxium Wealth LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $27,000. SouthState Bank Corp lifted its holdings in KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 148 shares during the period. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $29,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.