KKR & Co. Inc. (NYSE:KKR) Upgraded by StockNews.com to “Hold”

KKR & Co. Inc. (NYSE:KKR) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities analysts have also recently commented on the stock. JMP Securities lifted their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Morgan Stanley lifted their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Barclays lifted their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $90.64.

KKR & Co. Inc. Stock Up 2.2 %

KKR stock opened at $95.14 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48. The company’s 50 day moving average is $97.60 and its two-hundred day moving average is $83.97. The stock has a market cap of $84.20 billion, a P/E ratio of 23.32, a PEG ratio of 0.78 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. Research analysts expect that KKR & Co. Inc. will post 4.7 earnings per share for the current fiscal year.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the purchase, the insider now owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the purchase, the insider now owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Riverview Trust Co acquired a new position in shares of KKR & Co. Inc. during the 1st quarter valued at about $27,000. Blue Trust Inc. increased its stake in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $30,000. Missouri Trust & Investment Co increased its stake in shares of KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 368 shares during the last quarter. Finally, First United Bank & Trust purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.