KKR & Co. Inc. (NYSE:KKR) Upgraded by HSBC to “Buy” Rating

KKR & Co. Inc. (NYSE:KKR) was upgraded by HSBC from a “hold” rating to a “buy” rating in a report issued on Wednesday,Finviz reports. The brokerage presently has a $144.00 price target on the asset manager’s stock. HSBC’s price target indicates a potential upside of 24.14% from the stock’s previous close.

KKR has been the subject of a number of other reports. Weiss Ratings downgraded KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 21st. Oppenheimer lowered their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. UBS Group dropped their target price on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Citigroup lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $116.00 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm’s 50-day simple moving average is $128.27 and its 200-day simple moving average is $132.22. The firm has a market cap of $103.39 billion, a PE ratio of 49.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm earned $1.38 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. ESL Trust Services LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $26,000. Asset Dedication LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at $26,000. GGM Financials LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at $27,000. Clearstead Trust LLC acquired a new position in KKR & Co. Inc. during the 2nd quarter worth $28,000. Finally, Richardson Financial Services Inc. grew its stake in shares of KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.