Citigroup Lowers KKR & Co. Inc. (NYSE:KKR) Price Target to $81.50

KKR & Co. Inc. (NYSE:KKRGet Rating) had its price objective lowered by equities researchers at Citigroup from $94.00 to $81.50 in a report released on Tuesday, April 12th, The Fly reports. The brokerage presently has a “buy” rating on the asset manager’s stock. Citigroup’s price objective points to a potential upside of 42.11% from the company’s current price.

A number of other brokerages also recently issued reports on KKR. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of KKR & Co. Inc. from $87.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, April 7th. Zacks Investment Research downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Wednesday, March 16th. StockNews.com started coverage on shares of KKR & Co. Inc. in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $83.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, February 11th. Finally, JMP Securities reduced their target price on shares of KKR & Co. Inc. from $92.00 to $85.00 and set a “market outperform” rating for the company in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $78.54.

Shares of NYSE KKR traded up $3.06 during trading on Tuesday, hitting $57.35. 5,428,303 shares of the company traded hands, compared to its average volume of 3,677,964. The business’s fifty day moving average is $56.22 and its 200 day moving average is $66.63. KKR & Co. Inc. has a fifty-two week low of $50.01 and a fifty-two week high of $83.90. The firm has a market capitalization of $33.55 billion, a price-to-earnings ratio of 7.54, a P/E/G ratio of 2.16 and a beta of 1.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKRGet Rating) last posted its earnings results on Tuesday, May 3rd. The asset manager reported $1.10 EPS for the quarter, topping the consensus estimate of $0.98 by $0.12. KKR & Co. Inc. had a net margin of 31.42% and a return on equity of 7.27%. During the same quarter in the prior year, the firm earned $0.75 earnings per share. On average, analysts predict that KKR & Co. Inc. will post 3.97 EPS for the current year.

In related news, Director Matt Cohler purchased 8,305 shares of the firm’s stock in a transaction dated Thursday, February 17th. The shares were purchased at an average price of $59.41 per share, with a total value of $493,400.05. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 39.34% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. GQG Partners LLC bought a new stake in KKR & Co. Inc. in the 4th quarter worth $783,509,000. Capital World Investors grew its holdings in KKR & Co. Inc. by 3.2% in the 3rd quarter. Capital World Investors now owns 9,880,503 shares of the asset manager’s stock worth $601,525,000 after acquiring an additional 310,610 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in KKR & Co. Inc. by 43.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,535,659 shares of the asset manager’s stock worth $635,907,000 after acquiring an additional 2,586,939 shares during the last quarter. Geode Capital Management LLC grew its holdings in KKR & Co. Inc. by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 7,160,635 shares of the asset manager’s stock worth $532,716,000 after acquiring an additional 257,263 shares during the last quarter. Finally, First Manhattan Co. grew its holdings in KKR & Co. Inc. by 4.7% in the 3rd quarter. First Manhattan Co. now owns 6,694,827 shares of the asset manager’s stock worth $407,581,000 after acquiring an additional 301,801 shares during the last quarter.

About KKR & Co. Inc. (Get Rating)

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

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