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

Key Points

• The Goldman Sachs Group cut its price target for KKR from $145 to $110 while keeping a "buy" rating, implying roughly a 22% upside from the prior close.
• Analyst sentiment remains broadly positive — MarketBeat shows a consensus rating of "Moderate Buy" with an average target of $141.20 despite mixed individual upgrades and downgrades.
• Company insiders have been buying: CEO Joseph Y. Bae bought 125,000 shares and a director bought 50,000, with insiders acquiring ~393,872 shares (~$40.09M) and owning 23.20% of KKR.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price objective cut by equities research analysts at The Goldman Sachs Group from $145.00 to $110.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the asset manager's stock. The Goldman Sachs Group's price target points to a potential upside of 21.99% from the company's previous close.

A number of other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research note on Sunday, January 25th. BMO Capital Markets cut their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday, March 24th. TD Cowen cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and cut their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Weiss Ratings raised shares of KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, February 4th. Finally, HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 price target for the company in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $141.20.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded down $0.88 during midday trading on Tuesday, reaching $90.17. 1,503,439 shares of the stock were exchanged, compared to its average volume of 7,531,306. The company's fifty day moving average is $96.56 and its 200-day moving average is $116.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $80.39 billion, a PE ratio of 38.54, a PEG ratio of 0.67 and a beta of 1.93. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Joseph Y. Bae acquired 125,000 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the purchase, the chief executive officer owned 509,257 shares of the company's stock, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy R. Barakett acquired 50,000 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the purchase, the director directly owned 285,000 shares in the company, valued at $26,923,950. This represents a 21.28% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 393,872 shares of company stock worth $40,090,679 over the last 90 days. Company insiders own 23.20% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the company. Covenant Asset Management LLC boosted its position in KKR & Co. Inc. by 1,424.8% during the 3rd quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager's stock valued at $3,876,000 after buying an additional 27,870 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in KKR & Co. Inc. by 5.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager's stock valued at $170,736,000 after buying an additional 65,178 shares during the period. Cumberland Partners Ltd boosted its position in KKR & Co. Inc. by 816.2% during the 3rd quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager's stock valued at $3,352,000 after buying an additional 22,976 shares during the period. B. Metzler seel. Sohn & Co. AG boosted its position in KKR & Co. Inc. by 63.2% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 98,983 shares of the asset manager's stock valued at $12,862,000 after buying an additional 38,322 shares during the period. Finally, Banco Santander S.A. boosted its position in KKR & Co. Inc. by 5,405.9% during the 3rd quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager's stock valued at $18,839,000 after buying an additional 142,337 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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