KKR & Co. Inc. (NYSE:KKR) Stock Price Target Lowered at TD Cowen

Key Points

• TD Cowen lowered KKR’s price target from $118 to $103 and maintained a “Hold” rating, implying roughly 13% upside from the prior close.
• Analyst sentiment remains broadly positive: 18 analysts rate the stock a Buy and four rate it a Hold, resulting in a “Moderate Buy” consensus and an average price target of $127.24.
• KKR shares traded near $91.14, well below their 12-month high of $144.84, while the company recently exceeded quarterly earnings expectations with $1.63 EPS versus the $1.43 consensus estimate.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price target cut by TD Cowen from $118.00 to $103.00 in a report released on Monday, Benzinga reports. The firm presently has a "hold" rating on the asset manager's stock. TD Cowen's price objective would indicate a potential upside of 13.01% from the stock's previous close.

Several other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a "moderate buy" rating in a research note on Monday, July 20th. Argus upped their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. BNP Paribas Exane dropped their target price on shares of 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. Jefferies Financial Group decreased their target price on KKR & Co. Inc. from $129.00 to $112.00 and set a "buy" rating for the company in a research report on Tuesday, October 6th. Finally, Rothschild & Co Redburn increased their target price on shares of KKR & Co. Inc. from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Eighteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $127.24.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded up $0.19 during trading hours on Monday, hitting $91.14. The company's stock had a trading volume of 2,012,980 shares, compared to its average volume of 5,532,263. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock has a market cap of $81.81 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 0.79 and a beta of 1.83. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84. The business has a fifty day moving average of $102.40 and a 200-day moving average of $98.57.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the prior year, the firm posted $1.18 earnings per share. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 6.22 EPS for the current year.

Insider Buying and Selling

In related news, insider Dane Holmes sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.20% of the company's stock.

Institutional Trading of KKR & Co. Inc.

Hedge funds have recently made changes to their positions in the stock. Border to Coast Pensions Partnership Ltd grew its position in KKR & Co. Inc. by 14.5% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager's stock worth $40,361,000 after buying an additional 55,000 shares in the last quarter. Andra AP fonden increased its holdings in KKR & Co. Inc. by 201.7% during the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager's stock valued at $5,331,000 after purchasing an additional 38,530 shares during the period. NEOS Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 12.6% during the second quarter. NEOS Investment Management LLC now owns 112,137 shares of the asset manager's stock valued at $10,292,000 after buying an additional 12,529 shares during the period. EP Wealth Advisors LLC purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at $7,358,000. Finally, Next Capital Management LLC raised its holdings in KKR & Co. Inc. by 135.6% in the 1st quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager's stock worth $4,419,000 after purchasing an additional 27,498 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

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.

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