KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $194.00 at Bank of America

KKR & Co. Inc. (NYSE:KKR) had its price target dropped by stock analysts at Bank of America from $214.00 to $194.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the asset manager’s stock. Bank of America‘s price objective would suggest a potential upside of 105.61% from the company’s current price.

Several other equities analysts have also recently issued reports on KKR. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Barclays decreased their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $150.00 to $141.00 in a research note on Thursday, March 20th. Finally, Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.00.

KKR & Co. Inc. Stock Down 8.0 %

Shares of KKR & Co. Inc. stock opened at $94.35 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The company has a market cap of $83.81 billion, a P/E ratio of 28.16, a PEG ratio of 1.00 and a beta of 1.77. The company’s fifty day simple moving average is $132.30 and its two-hundred day simple moving average is $141.20.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $26,000. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. in the fourth quarter worth about $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $30,000. Mascagni Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $34,000. 76.26% of the stock is currently owned by hedge funds and other 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.