UBS Group Lowers KKR & Co. Inc. (NYSE:KKR) Price Target to $125.00

KKR & Co. Inc. (NYSE:KKR) had its price objective dropped by stock analysts at UBS Group from $168.00 to $125.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the asset manager’s stock. UBS Group’s price objective would suggest a potential upside of 23.59% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a report on Wednesday, January 28th. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Oppenheimer reduced their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Finally, Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.50.

KKR & Co. Inc. Stock Down 0.5%

Shares of KKR & Co. Inc. stock opened at $101.14 on Friday. The stock’s fifty day moving average is $120.99 and its 200-day moving average is $127.24. The firm has a market capitalization of $90.15 billion, a PE ratio of 43.22, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The company’s revenue for the quarter was up 76.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 EPS. Equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Insider Activity at KKR & Co. Inc.

In other news, CEO Joseph Y. Bae bought 125,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the purchase, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at $52,040,972.83. This trade represents a 32.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott C. Nuttall bought 125,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the transaction, the chief executive officer owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. The trade was a 0.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 343,872 shares of company stock valued at $35,367,179. 39.34% of the stock is owned by insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several large investors have recently made changes to their positions in KKR. Vanguard Group Inc. lifted its stake in KKR & Co. Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock valued at $7,657,034,000 after acquiring an additional 821,739 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of KKR & Co. Inc. by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after purchasing an additional 765,457 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 14,995,742 shares of the asset manager’s stock valued at $1,903,220,000 after purchasing an additional 146,285 shares in the last quarter. Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $1,715,929,000. Finally, First Manhattan CO. LLC. lifted its stake in shares of KKR & Co. Inc. by 0.8% in the 4th quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock valued at $1,095,951,000 after purchasing an additional 67,441 shares during the last quarter. 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.