UBS Group Has Lowered Expectations for KKR & Co. Inc. (NYSE:KKR) Stock Price

Key Points

• UBS lowered its price target for KKR from $123 to $122 but maintained a “buy” rating, implying nearly 40% upside from the prior close.
• Analyst sentiment remains broadly positive: 17 analysts rate KKR a Buy and four rate it a Hold, producing a “Moderate Buy” consensus and an average target of $124.42.
• KKR shares fell to $87.21, near their 12-month low, despite the company beating quarterly earnings expectations with $1.63 in EPS versus the $1.43 consensus estimate.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price target dropped by investment analysts at UBS Group from $123.00 to $122.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the asset manager's stock. UBS Group's price target indicates a potential upside of 39.89% from the stock's previous close.

A number of other research firms have also recently weighed in on KKR. BMO Capital Markets upped their price target on KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a report on Friday, October 2nd. They set an "equal weight" rating and a $97.00 price objective for the company. Jefferies Financial Group decreased their target price on KKR & Co. Inc. from $129.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday, October 6th. Bank of America decreased their target price on KKR & Co. Inc. from $147.00 to $143.00 in a research report on Tuesday, August 4th. Finally, Morgan Stanley lowered their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating on the stock in a report on Tuesday, July 21st. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $124.42.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $4.30 during trading hours on Tuesday, reaching $87.21. The company had a trading volume of 9,178,947 shares, compared to its average volume of 5,570,538. The firm has a 50 day simple moving average of $102.11 and a 200-day simple moving average of $98.58. 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 company has a market capitalization of $78.28 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 0.79 and a beta of 1.83. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $2.55 billion. During the same quarter last year, the business earned $1.18 earnings per share. Research analysts expect that KKR & Co. Inc. will post 6.22 earnings per share for the current year.

Insider Activity

In related news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 8,513 shares in the company, valued at $924,341.54. The trade was a 54.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Several hedge funds 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 approximately $31,000. Hanson & Doremus Investment Management increased its stake in shares of KKR & Co. Inc. by 83.3% in the first quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager's stock worth $31,000 after buying an additional 150 shares during the last quarter. Silvant Capital Management LLC bought a new stake in shares of KKR & Co. Inc. in the second quarter worth $34,000. Western Pacific Wealth Management LP raised 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 acquiring an additional 100 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in KKR & Co. Inc. in the first quarter valued at $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.