Barclays Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price objective lowered by equities research analysts at Barclays from $169.00 to $159.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the asset manager’s stock. Barclays‘s target price would indicate a potential upside of 17.98% from the stock’s current price.

Other research analysts also recently issued reports about the company. BMO Capital Markets began coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective for the company. Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. TD Cowen dropped their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. UBS Group began coverage on shares of KKR & Co. Inc. in a research report on Thursday, December 11th. They issued a “buy” rating and a $176.00 price target for the company. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $158.07.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $134.77 on Friday. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm’s fifty day moving average price is $126.51 and its 200 day moving average price is $133.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $120.13 billion, a price-to-earnings ratio of 57.11, a price-to-earnings-growth ratio of 1.07 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter last year, the company earned $1.38 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of KKR. Vanguard Group Inc. raised its stake in shares of KKR & Co. Inc. by 1.0% in the third quarter. Vanguard Group Inc. now owns 59,242,848 shares of the asset manager’s stock worth $7,698,608,000 after acquiring an additional 585,893 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in KKR & Co. Inc. by 4.0% in 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 in the last quarter. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the second quarter worth about $1,530,419,000. Lone Pine Capital LLC lifted its position in shares of KKR & Co. Inc. by 9.6% in the second quarter. Lone Pine Capital LLC now owns 5,221,769 shares of the asset manager’s stock worth $694,652,000 after purchasing an additional 457,998 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in KKR & Co. Inc. by 1.4% during the third quarter. Legal & General Group Plc now owns 4,642,005 shares of the asset manager’s stock worth $603,229,000 after acquiring an additional 65,695 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.