Keefe, Bruyette & Woods Lowers KKR & Co. Inc. (NYSE:KKR) Price Target to $168.00

KKR & Co. Inc. (NYSE:KKR) had its price target lowered by Keefe, Bruyette & Woods from $170.00 to $168.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 19.69% from the company’s current price.

Several other research firms have also commented on KKR. Morgan Stanley increased their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. TD Cowen raised their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. HSBC began coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target for the company. Finally, JMP Securities boosted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $159.93.

KKR & Co. Inc. Stock Down 0.4 %

KKR traded down $0.57 on Monday, hitting $140.36. 1,442,173 shares of the company were exchanged, compared to its average volume of 2,814,183. The firm has a 50-day moving average price of $152.19 and a two-hundred day moving average price of $133.09. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $80.20 and a twelve month high of $163.68. The company has a market cap of $124.67 billion, a price-to-earnings ratio of 42.66, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. On average, equities analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $31,000. Raleigh Capital Management Inc. lifted its position in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares during the period. Eastern Bank acquired a new stake in KKR & Co. Inc. in the 3rd quarter worth about $34,000. Truvestments Capital LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $40,000. Finally, Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $45,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

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.