Citigroup Has Lowered Expectations for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price target dropped by stock analysts at Citigroup from $177.00 to $132.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the asset manager's stock. Citigroup's price objective points to a potential upside of 30.18% from the company's current price.

Other equities analysts have also issued reports about the company. Oppenheimer upped their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. JMP Securities lowered their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, Wells Fargo & Company raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $150.00 to $141.00 in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $151.33.

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KKR & Co. Inc. Stock Down 0.5 %

Shares of KKR traded down $0.47 during trading hours on Tuesday, reaching $101.40. 8,299,480 shares of the stock traded hands, compared to its average volume of 4,929,030. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week 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 stock has a fifty day simple moving average of $122.22 and a 200 day simple moving average of $139.51. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in KKR & Co. Inc. in the 4th quarter worth about $1,435,314,000. Nuveen Asset Management LLC increased its position in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after purchasing an additional 3,391,581 shares during the last quarter. GQG Partners LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $325,752,000. Proficio Capital Partners LLC raised its stake in KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock valued at $232,669,000 after purchasing an additional 1,542,092 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $218,918,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Company Profile

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.