KKR & Co. Inc. (NYSE:KKR) Stock Price Down 6.3% After Earnings Miss

KKR & Co. Inc. (NYSE:KKR)’s share price dropped 6.3% on Tuesday following a dissappointing earnings announcement. The company traded as low as $152.85 and last traded at $152.94. Approximately 1,107,608 shares changed hands during trading, a decline of 68% from the average daily volume of 3,447,886 shares. The stock had previously closed at $163.22.

The asset manager reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.18). KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%.

Analyst Ratings Changes

KKR has been the topic of several research reports. TD Cowen upped their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Wells Fargo & Company reduced their target price on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Barclays upped their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.86.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors have recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at about $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $31,000. Raleigh Capital Management Inc. lifted its holdings in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. Finally, Eastern Bank purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $34,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

The firm has a market capitalization of $135.90 billion, a PE ratio of 46.62, a P/E/G ratio of 0.96 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company’s fifty day simple moving average is $154.57 and its 200 day simple moving average is $138.45.

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.