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

KKR & Co. Inc. (NYSE:KKR) had its price target decreased by stock analysts at TD Cowen from $118.00 to $103.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the asset manager’s stock. TD Cowen’s target price points to a potential upside of 13.01% from the stock’s current price.

A number of other brokerages have also recently commented on KKR. BNP Paribas Exane reduced their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $111.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group cut their price target on KKR & Co. Inc. from $129.00 to $112.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Finally, Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a research note on Friday, October 2nd. They set an “equal weight” rating and a $97.00 price objective on the stock. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.24.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $0.19 during trading on Monday, hitting $91.14. 2,012,980 shares of the company’s stock traded hands, compared to its average volume of 5,532,263. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $81.81 billion, a P/E ratio of 29.02, a PEG ratio of 0.79 and a beta of 1.83. The business has a 50-day simple moving average of $102.40 and a 200-day simple moving average of $98.57. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $144.84.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business posted $1.18 earnings per share. As a group, analysts forecast that KKR & Co. Inc. will post 6.22 EPS for the current year.

Insider Transactions at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently bought and sold shares of the stock. MV Capital Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $31,000. Hanson & Doremus Investment Management increased its holdings in KKR & Co. Inc. by 83.3% in the first quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager’s stock valued at $31,000 after buying an additional 150 shares in the last quarter. Silvant Capital Management LLC purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at about $34,000. Western Pacific Wealth Management LP grew its holdings in KKR & Co. Inc. by 34.8% in the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new stake in KKR & Co. Inc. in the 1st quarter worth $39,000. 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 that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.