KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $147.00 by Analysts at Morgan Stanley

KKR & Co. Inc. (NYSE:KKR) had its price target cut by stock analysts at Morgan Stanley from $153.00 to $147.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the asset manager’s stock. Morgan Stanley’s target price indicates a potential upside of 51.64% from the company’s previous close.

KKR has been the topic of a number of other reports. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Oppenheimer dropped their price objective on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a research note on Friday. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. UBS Group lifted their target price on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada lowered their price target on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.08.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $0.03 during trading hours on Tuesday, hitting $96.94. 1,399,498 shares of the stock traded hands, compared to its average volume of 6,031,723. The company has a market cap of $87.04 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The stock has a 50 day moving average price of $95.42 and a 200 day moving average price of $101.12. 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 announced its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The firm had revenue of $5.74 billion during the quarter. Sell-side analysts forecast that KKR & Co. Inc. will post 5.58 EPS for the current fiscal year.

KKR & Co. Inc. declared that its board has approved a stock repurchase plan on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares buyback plans are generally 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 dated Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the sale, the executive vice president directly owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. The trade was a 19.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Elyxium Wealth LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $27,000. SouthState Bank Corp boosted 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 valued at $29,000 after acquiring an additional 148 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $29,000. Finally, MV Capital Management Inc. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $31,000. Hedge funds and other institutional investors 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.