Oppenheimer Lowers KKR & Co. Inc. (NYSE:KKR) Price Target to $164.00

Key Points

• Oppenheimer has lowered its price target for KKR & Co. Inc. from $166.00 to $164.00, maintaining an "outperform" rating, which suggests a potential upside of 33.15% from the current stock price.
• Weiss Ratings has downgraded KKR from a "hold" to a "sell" rating, while Citigroup has reduced its price objective from $170.00 to $150.00 but still holds a "buy" rating.
• KKR's shares were trading up 2.3%, reaching $123.17, with a market capitalization of approximately $109.74 billion and a P/E ratio of 57.34.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price target dropped by investment analysts at Oppenheimer from $166.00 to $164.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the asset manager's stock. Oppenheimer's price objective indicates a potential upside of 33.15% from the stock's current price.

Several other research firms have also issued reports on KKR. Weiss Ratings lowered KKR & Co. Inc. from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. Citigroup dropped their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday. Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays increased their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Piper Sandler started coverage on KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.20.

KKR & Co. Inc. Trading Up 2.3%

Shares of NYSE:KKR traded up $2.73 during midday trading on Tuesday, reaching $123.17. The company's stock had a trading volume of 1,201,496 shares, compared to its average volume of 4,668,457. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market capitalization of $109.74 billion, a price-to-earnings ratio of 57.34, a PEG ratio of 1.29 and a beta of 1.91. The firm has a 50 day moving average price of $137.96 and a two-hundred day moving average price of $128.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates 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 in the previous year, the company posted $1.09 EPS. As a group, analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction dated 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 transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.34% of the company's stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of KKR. Brighton Jones LLC increased its holdings in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $218,000. Dynamic Advisor Solutions LLC increased its holdings in KKR & Co. Inc. by 2.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,609 shares of the asset manager's stock valued at $880,000 after purchasing an additional 163 shares during the period. Ritholtz Wealth Management increased its holdings in KKR & Co. Inc. by 53.0% during the 1st quarter. Ritholtz Wealth Management now owns 4,402 shares of the asset manager's stock valued at $509,000 after purchasing an additional 1,524 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in KKR & Co. Inc. by 87.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 230,990 shares of the asset manager's stock valued at $26,705,000 after purchasing an additional 107,691 shares during the period. 76.26% of the stock is currently owned by hedge funds and other 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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