KKR & Co. Inc. (NYSE:KKR) Stock Price Target Cut by Piper Sandler

KKR & Co. Inc. (NYSE:KKR) had its price objective decreased by analysts at Piper Sandler from $128.00 to $121.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the asset manager’s stock. Piper Sandler’s price target would indicate a potential upside of 38.85% from the company’s current price.

KKR has been the subject of a number of other reports. TD Cowen dropped their price target on shares of KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating for the company in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Argus raised their price objective on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Barclays dropped their price objective on KKR & Co. Inc. from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Finally, The Goldman Sachs Group cut their target price on KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.21.

KKR & Co. Inc. Stock Performance

NYSE:KKR traded up $0.94 during mid-day trading on Monday, reaching $87.15. 1,299,457 shares of the company’s stock were exchanged, compared to its average volume of 5,602,514. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The firm has a market capitalization of $78.23 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 0.72 and a beta of 1.83. The business’s fifty day simple moving average is $100.62 and its two-hundred day simple moving average is $98.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. Analysts anticipate that KKR & Co. Inc. will post 6.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares in the company, valued at $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.20% of the stock is currently owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Institutional investors and hedge funds have recently modified their holdings of the business. MV Capital Management Inc. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $31,000. Hanson & Doremus Investment Management boosted its stake in shares of KKR & Co. Inc. by 83.3% during the first quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 150 shares in the last quarter. Silvant Capital Management LLC bought a new stake in shares of KKR & Co. Inc. during the second quarter worth about $34,000. Western Pacific Wealth Management LP grew its holdings in shares of KKR & Co. Inc. by 34.8% during the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in shares of KKR & Co. Inc. during the first quarter worth about $39,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.