Wells Fargo & Company Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price objective decreased by Wells Fargo & Company from $163.00 to $151.00 in a research report issued on Tuesday,Benzinga reports. The brokerage 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 current price.

Several other research analysts have also commented on KKR. The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays boosted their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley increased their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Price Performance

KKR opened at $150.50 on Tuesday. The stock has a fifty day moving average price of $152.33 and a 200 day moving average price of $133.73. 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 1 year low of $80.20 and a 1 year high of $163.68. The stock has a market cap of $133.68 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $0.73 EPS. Analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC increased its stake in KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after acquiring an additional 73 shares during the period. Dudley Capital Management LLC grew its holdings in shares of KKR & Co. Inc. by 2.7% during the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock worth $404,000 after purchasing an additional 80 shares in the last quarter. FWG Holdings LLC increased its position in shares of KKR & Co. Inc. by 1.6% during the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock valued at $717,000 after purchasing an additional 80 shares during the period. Sigma Planning Corp raised its stake in shares of KKR & Co. Inc. by 1.3% in the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after purchasing an additional 81 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its position in KKR & Co. Inc. by 1.4% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 5,886 shares of the asset manager’s stock worth $871,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

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.