Oppenheimer Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price objective lowered by research analysts at Oppenheimer from $143.00 to $139.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Oppenheimer’s target price points to a potential upside of 37.85% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a report on Monday. The Goldman Sachs Group lowered their price objective on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Royal Bank Of Canada cut their target price on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, TD Cowen cut their price objective on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.50.

KKR & Co. Inc. Stock Performance

KKR stock traded down $1.92 during midday trading on Friday, reaching $100.83. The company had a trading volume of 1,114,615 shares, compared to its average volume of 6,067,376. The firm has a market capitalization of $90.53 billion, a PE ratio of 34.28, a P/E/G ratio of 0.85 and a beta of 1.79. The stock has a 50 day moving average price of $95.49 and a 200 day moving average price of $101.54. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The firm had revenue of $5.74 billion for the quarter. Analysts anticipate that KKR & Co. Inc. will post 5.54 earnings per share for the current year.

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

Insider Buying and Selling at KKR & Co. Inc.

In other news, EVP Yael Cosset sold 30,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total value of $1,764,000.00. Following the transaction, the executive vice president owned 127,868 shares of the company’s stock, valued at $7,518,638.40. This trade represents a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KKR. Asset Dedication LLC bought a new position in KKR & Co. Inc. during the third quarter valued at about $26,000. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. during the fourth quarter worth $27,000. Elyxium Wealth LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. SouthState Bank Corp lifted its position in shares of KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after buying an additional 148 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $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.