Piper Sandler Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its target price lowered by investment analysts at Piper Sandler from $135.00 to $117.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the asset manager’s stock. Piper Sandler’s price objective points to a potential upside of 24.44% from the company’s current price.

KKR has been the subject of a number of other reports. Royal Bank Of Canada started coverage on KKR & Co. Inc. in a research note on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 target price for the company. BMO Capital Markets lowered their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Barclays lowered their target price on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research note on Wednesday, January 28th. Finally, Oppenheimer lowered their target price on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $141.20.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $94.02 on Tuesday. The business has a fifty day simple moving average of $95.60 and a 200 day simple moving average of $115.50. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $83.82 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 0.67 and a beta of 1.93. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $153.87.

Insider Buying and Selling

In related news, CEO Joseph Y. Bae purchased 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the purchase, the chief executive officer directly owned 509,257 shares in the company, valued at $52,040,972.83. This represents a 32.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Matt Cohler purchased 43,872 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the acquisition, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. The trade was a 2,733.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 393,872 shares of company stock worth $40,090,679 in the last quarter. Corporate insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter valued at $26,000. Asset Dedication LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter valued at $26,000. GGM Financials LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter valued at $27,000. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $27,000. Finally, Elyxium Wealth LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $27,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Company Profile

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.