Wells Fargo & Company Lowers KKR & Co. Inc. (NYSE:KKR) Price Target to $150.00

KKR & Co. Inc. (NYSE:KKR) had its price objective cut by Wells Fargo & Company from $151.00 to $150.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 0.47% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Morgan Stanley raised their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. JMP Securities raised their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI raised their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $160.50.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $1.41 during midday trading on Wednesday, hitting $150.71. The company had a trading volume of 933,903 shares, compared to its average volume of 3,692,516. 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 $90.40 and a twelve month high of $170.40. The company has a market capitalization of $133.87 billion, a PE ratio of 45.85, a P/E/G ratio of 0.96 and a beta of 1.67. The firm has a 50-day moving average price of $154.65 and a 200-day moving average price of $138.79.

Hedge Funds Weigh In On KKR & Co. Inc.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Czech National Bank raised its stake in KKR & Co. Inc. by 8.4% in the third quarter. Czech National Bank now owns 137,387 shares of the asset manager’s stock worth $17,940,000 after buying an additional 10,607 shares in the last quarter. Mather Group LLC. grew its holdings in shares of KKR & Co. Inc. by 273.5% in the third quarter. Mather Group LLC. now owns 986 shares of the asset manager’s stock worth $129,000 after acquiring an additional 722 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in shares of KKR & Co. Inc. by 6.0% in the third quarter. Dynamic Advisor Solutions LLC now owns 7,519 shares of the asset manager’s stock worth $982,000 after acquiring an additional 427 shares during the period. Atomi Financial Group Inc. grew its holdings in shares of KKR & Co. Inc. by 28.3% in the third quarter. Atomi Financial Group Inc. now owns 4,582 shares of the asset manager’s stock worth $598,000 after acquiring an additional 1,012 shares during the period. Finally, Daymark Wealth Partners LLC grew its holdings in shares of KKR & Co. Inc. by 58.1% in the third quarter. Daymark Wealth Partners LLC now owns 12,326 shares of the asset manager’s stock worth $1,610,000 after acquiring an additional 4,529 shares during the period. 76.26% of the stock is owned by institutional investors.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.