KKR & Co. Inc. (NYSE:KKR - Get Free Report) was upgraded by investment analysts at StockNews.com to a "sell" rating in a research report issued on Friday.
A number of other research firms have also recently commented on KKR. Argus raised KKR & Co. Inc. to a "strong-buy" rating in a report on Thursday, August 1st. Hsbc Global Res raised KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Citigroup upped 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. Finally, JMP Securities upped their target price on KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $151.29.
Read Our Latest Stock Report on KKR & Co. Inc.
Shares of KKR & Co. Inc. stock traded down $3.40 during trading on Friday, reaching $139.88. 2,802,274 shares of the company's stock were exchanged, compared to its average volume of 2,444,026. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $147.15. The company has a market cap of $124.14 billion, a P/E ratio of 32.99, a PEG ratio of 1.20 and a beta of 1.62. The firm's 50-day moving average price is $128.49 and its 200 day moving average price is $114.00.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. As a group, research analysts anticipate that KKR & Co. Inc. will post 3.97 earnings per share for the current year.
In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares of the company's stock, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Resource Council bought a new position in shares of KKR & Co. Inc. in the 1st quarter worth $1,001,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager's stock worth $14,444,000 after purchasing an additional 111,881 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of KKR & Co. Inc. by 6.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager's stock worth $10,113,000 after purchasing an additional 6,406 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of KKR & Co. Inc. by 19.9% in the 1st quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager's stock worth $104,355,000 after purchasing an additional 171,902 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of KKR & Co. Inc. by 42.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager's stock worth $4,206,000 after purchasing an additional 12,504 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.
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.
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