KKR & Co. Inc. (NYSE:KKR) PT Lowered to $71.00

KKR & Co. Inc. (NYSE:KKRGet Rating) had its price objective cut by equities research analysts at Morgan Stanley from $78.00 to $71.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective would indicate a potential upside of 22.79% from the company’s previous close.

Several other analysts have also recently commented on the company. JMP Securities lowered their target price on KKR & Co. Inc. from $92.00 to $85.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 7th. Wells Fargo & Company lowered their target price on KKR & Co. Inc. from $83.00 to $73.00 and set an “overweight” rating on the stock in a research report on Tuesday. StockNews.com initiated coverage on KKR & Co. Inc. in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Citigroup lowered their target price on KKR & Co. Inc. from $94.00 to $81.50 and set a “buy” rating on the stock in a research report on Tuesday, April 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on KKR & Co. Inc. from $87.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $78.96.

Shares of NYSE KKR traded up $1.39 during mid-day trading on Wednesday, hitting $57.82. The company had a trading volume of 18,125 shares, compared to its average volume of 3,555,082. The stock has a market cap of $33.83 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 2.34 and a beta of 1.47. KKR & Co. Inc. has a 12 month low of $50.55 and a 12 month high of $83.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.07 and a quick ratio of 0.07. The firm’s 50 day simple moving average is $57.75 and its two-hundred day simple moving average is $67.41.

KKR & Co. Inc. (NYSE:KKRGet Rating) last announced its quarterly earnings results on Tuesday, February 8th. The asset manager reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.48. The business had revenue of $962.79 million for the quarter, compared to the consensus estimate of $826.04 million. KKR & Co. Inc. had a return on equity of 7.27% and a net margin of 31.42%. During the same quarter last year, the business posted $0.49 EPS. Equities analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

In other KKR & Co. Inc. news, Director Matt Cohler bought 8,305 shares of the firm’s stock in a transaction dated Thursday, February 17th. The stock was acquired at an average price of $59.41 per share, with a total value of $493,400.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.34% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Xponance Inc. grew its stake in KKR & Co. Inc. by 6.0% in the first quarter. Xponance Inc. now owns 6,334 shares of the asset manager’s stock valued at $370,000 after purchasing an additional 359 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in KKR & Co. Inc. by 36.4% in the first quarter. Great Valley Advisor Group Inc. now owns 17,406 shares of the asset manager’s stock valued at $1,018,000 after purchasing an additional 4,645 shares in the last quarter. Denali Advisors LLC grew its stake in KKR & Co. Inc. by 75.0% in the first quarter. Denali Advisors LLC now owns 700 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 300 shares in the last quarter. American Trust Investment Advisors LLC grew its stake in KKR & Co. Inc. by 1.1% in the first quarter. American Trust Investment Advisors LLC now owns 51,840 shares of the asset manager’s stock valued at $3,031,000 after purchasing an additional 565 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in KKR & Co. Inc. by 24.5% in the first quarter. AE Wealth Management LLC now owns 7,900 shares of the asset manager’s stock valued at $462,000 after purchasing an additional 1,556 shares in the last quarter. Hedge funds and other institutional investors own 77.10% of the company’s stock.

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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Analyst Recommendations for KKR & Co. Inc. (NYSE:KKR)

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