Keefe, Bruyette & Woods Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price objective decreased by equities research analysts at Keefe, Bruyette & Woods from $170.00 to $168.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 19.69% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. HSBC initiated coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective on the stock. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $159.93.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $0.57 during trading hours on Monday, hitting $140.36. 1,442,173 shares of the stock traded hands, compared to its average volume of 2,814,183. The firm’s 50 day moving average price is $152.19 and its 200-day moving average price is $133.09. The stock has a market capitalization of $124.67 billion, a price-to-earnings ratio of 42.66, a P/E/G ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a 1 year low of $80.20 and a 1 year high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the firm earned $0.73 EPS. As a group, equities analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of KKR & Co. Inc. by 11.8% during the 2nd quarter. LPL Financial LLC now owns 395,738 shares of the asset manager’s stock valued at $41,648,000 after acquiring an additional 41,778 shares during the last quarter. American Century Companies Inc. boosted its holdings in KKR & Co. Inc. by 2.4% in the 2nd quarter. American Century Companies Inc. now owns 105,080 shares of the asset manager’s stock valued at $11,059,000 after purchasing an additional 2,440 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its stake in shares of KKR & Co. Inc. by 255.8% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 14,984 shares of the asset manager’s stock valued at $1,577,000 after buying an additional 10,773 shares during the period. Parallel Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 7,912 shares of the asset manager’s stock worth $833,000 after buying an additional 249 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at approximately $1,183,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

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.