KKR & Co. Inc. (NYSE:KKR) Stock Price Down 6.3% on Disappointing Earnings

KKR & Co. Inc. (NYSE:KKR) shares were down 6.3% during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $152.85 and last traded at $152.94. Approximately 1,107,608 shares traded 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of recent analyst reports. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.86.

Institutional Trading of KKR & Co. Inc.

Several institutional investors have recently bought and sold shares of the company. MONECO Advisors LLC grew its position in KKR & Co. Inc. by 496.4% during the 4th quarter. MONECO Advisors LLC now owns 25,226 shares of the asset manager’s stock valued at $3,731,000 after purchasing an additional 20,996 shares during the last quarter. Howard Capital Management Inc. grew its position in KKR & Co. Inc. by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,075 shares of the asset manager’s stock valued at $603,000 after purchasing an additional 207 shares during the last quarter. Wealthspire Advisors LLC grew its position in KKR & Co. Inc. by 25.5% during the 4th quarter. Wealthspire Advisors LLC now owns 2,902 shares of the asset manager’s stock valued at $429,000 after purchasing an additional 590 shares during the last quarter. TCW Group Inc. grew its position in KKR & Co. Inc. by 22.2% during the 4th quarter. TCW Group Inc. now owns 307,804 shares of the asset manager’s stock valued at $45,527,000 after purchasing an additional 55,876 shares during the last quarter. Finally, Fisher Funds Management LTD purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $19,157,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

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

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.