StockNews.com Downgrades KKR & Co. Inc. (NYSE:KKR) to Sell

KKR & Co. Inc. (NYSE:KKR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Other research analysts have also recently issued research reports about the company. TD Cowen lifted their target price on KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. JMP Securities raised their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Finally, Barclays raised their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $90.64.

KKR & Co. Inc. Price Performance

KKR stock opened at $94.89 on Wednesday. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48. The stock’s fifty day simple moving average is $97.58 and its 200-day simple moving average is $82.90. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $83.98 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 0.90 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $995.64 million. Equities research analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The transaction was disclosed in a legal filing with the SEC, 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 that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Several hedge funds and other institutional investors have recently made changes to their positions in KKR. AE Wealth Management LLC boosted its position in shares of KKR & Co. Inc. by 1.2% during the third quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock worth $878,000 after buying an additional 168 shares during the period. Global Retirement Partners LLC boosted its position in shares of KKR & Co. Inc. by 14.2% during the third quarter. Global Retirement Partners LLC now owns 1,812 shares of the asset manager’s stock worth $108,000 after buying an additional 226 shares during the period. SG Americas Securities LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $493,000. Exchange Traded Concepts LLC boosted its position in shares of KKR & Co. Inc. by 14,032.1% during the third quarter. Exchange Traded Concepts LLC now owns 3,957 shares of the asset manager’s stock worth $244,000 after buying an additional 3,929 shares during the period. Finally, Coronation Fund Managers Ltd. boosted its position in shares of KKR & Co. Inc. by 66.2% during the third quarter. Coronation Fund Managers Ltd. now owns 247,459 shares of the asset manager’s stock worth $15,243,000 after buying an additional 98,560 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.