Wells Fargo & Company Has Lowered Expectations for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price target lowered by stock analysts at Wells Fargo & Company from $163.00 to $151.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 0.33% from the company’s previous close.

A number of other research firms have also commented on KKR. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group increased their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday. Finally, HSBC started coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Trading Up 4.8 %

Shares of KKR opened at $150.50 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $133.68 billion, a PE ratio of 45.74, a PEG ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a 1 year low of $80.20 and a 1 year high of $163.68. The stock has a 50 day simple moving average of $152.33 and a 200-day simple moving average of $133.73.

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

Hedge Funds Weigh In On KKR & Co. Inc.

Several large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its holdings in KKR & Co. Inc. by 198.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after acquiring an additional 2,133,290 shares during the period. APG Asset Management N.V. acquired a new stake in shares of KKR & Co. Inc. during the second quarter worth $154,468,000. Hsbc Holdings PLC increased its holdings in KKR & Co. Inc. by 315.6% in the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock valued at $124,623,000 after purchasing an additional 895,891 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in KKR & Co. Inc. by 317.0% in the second quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock valued at $97,474,000 after purchasing an additional 704,091 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in KKR & Co. Inc. by 3,757.3% in the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock valued at $72,199,000 after buying an additional 538,573 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

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.