KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $166.00 at Morgan Stanley

Key Points

• Morgan Stanley lowered its price target for KKR & Co. Inc. from $170.00 to $166.00, while maintaining an "overweight" rating, indicating a potential upside of 34.99% from the stock's previous close.
• Other analysts, including Oppenheimer and BMO Capital Markets, have also adjusted their price targets, with Oppenheimer setting it at $164.00 and BMO at $148.00, reflecting mixed sentiment among equities analysts.
• Chairman George R. Roberts recently sold a significant number of shares, totaling $116.8 million, which represents a 0.99% decrease in his ownership stake in the company.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price objective dropped by Morgan Stanley from $170.00 to $166.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the asset manager's stock. Morgan Stanley's price objective suggests a potential upside of 34.99% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Oppenheimer lowered their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an "outperform" rating for the company in a research report on Tuesday, October 14th. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They set an "outperform" rating and a $148.00 price objective for the company. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Piper Sandler initiated coverage on KKR & Co. Inc. in a report on Monday, June 30th. They issued 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 assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $157.27.

KKR & Co. Inc. Trading Up 2.4%

KKR & Co. Inc. stock traded up $2.86 during trading hours on Tuesday, hitting $122.97. The stock had a trading volume of 2,049,588 shares, compared to its average volume of 4,686,520. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a market cap of $109.56 billion, a price-to-earnings ratio of 57.12, a P/E/G ratio of 1.32 and a beta of 1.91. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The business's 50 day simple moving average is $135.80 and its 200-day simple moving average is $129.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion during 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 company earned $1.09 earnings per share. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm's 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 completion of the sale, the chairman owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 39.34% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of KKR & Co. Inc. by 1.9% during the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager's stock valued at $7,803,135,000 after buying an additional 1,099,263 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of KKR & Co. Inc. by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager's stock valued at $2,640,275,000 after buying an additional 765,457 shares during the last quarter. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the second quarter valued at approximately $1,530,419,000. Nuveen LLC purchased a new position in shares of KKR & Co. Inc. during the first quarter valued at approximately $844,137,000. Finally, Lone Pine Capital LLC boosted its position in shares of KKR & Co. Inc. by 9.6% during the second quarter. Lone Pine Capital LLC now owns 5,221,769 shares of the asset manager's stock valued at $694,652,000 after buying an additional 457,998 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

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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