JMP Securities Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $150.00

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its target price decreased by JMP Securities from $165.00 to $150.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "market outperform" rating on the asset manager's stock. JMP Securities' target price would suggest a potential upside of 47.93% from the company's current price.

A number of other analysts also recently commented on KKR. Bank of America decreased their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Keefe, Bruyette & Woods decreased their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Barclays dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Morgan Stanley decreased their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Wells Fargo & Company upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $151.33.

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KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $0.47 during trading on Tuesday, hitting $101.40. 8,299,480 shares of the company were exchanged, compared to its average volume of 4,920,666. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market cap of $90.07 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.00 and a beta of 1.77. The firm's fifty day moving average price is $122.22 and its 200 day moving average price is $139.51.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 39.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc grew its holdings in KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after purchasing an additional 1,759 shares during the period. Arete Wealth Advisors LLC grew its stake in shares of KKR & Co. Inc. by 44.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after buying an additional 2,749 shares during the period. Whalen Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $667,000. Caldwell Investment Management Ltd. raised its position in shares of KKR & Co. Inc. by 2.9% in the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock worth $31,477,000 after buying an additional 5,900 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in KKR & Co. Inc. by 50.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock valued at $16,889,000 after acquiring an additional 38,524 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

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.