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

Key Points

• Citigroup reduced its target price for KKR & Co. Inc. from $170.00 to $150.00, while maintaining a "buy" rating, indicating a potential upside of 24.39% from the previous close.
• Other analysts have mixed ratings for KKR, with Wells Fargo raising its target price to $156.00 and Hsbc Global Res downgrading it to a "hold" rating.
• KKR & Co. Inc. reported earnings of $1.18 per share for the last quarter, exceeding estimates, with a projected EPS of 5.19 for the current fiscal year.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its target price lowered by research analysts at Citigroup from $170.00 to $150.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the asset manager's stock. Citigroup's price objective would indicate a potential upside of 24.39% from the company's previous close.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Piper Sandler initiated coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $156.07.

KKR & Co. Inc. Stock Up 2.3%

KKR traded up $2.77 during trading on Monday, hitting $120.59. 2,446,827 shares of the company's stock traded hands, compared to its average volume of 4,675,352. The company's 50 day simple moving average is $138.46 and its two-hundred day simple moving average is $128.64. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market capitalization of $107.44 billion, a price-to-earnings ratio of 56.01, a PEG ratio of 1.29 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period last year, the business posted $1.09 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 39.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Several hedge funds have recently added to or reduced their stakes in KKR. Brighton Jones LLC grew its stake in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after buying an additional 2,437 shares during the last quarter. Bison Wealth LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth $218,000. CX Institutional bought a new stake in shares of KKR & Co. Inc. during the first quarter worth $159,000. Opal Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. in the first quarter worth about $82,000. Finally, Dynamic Advisor Solutions LLC increased its stake in KKR & Co. Inc. by 2.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,609 shares of the asset manager's stock worth $880,000 after buying an additional 163 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.

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