KKR & Co Inc (NYSE:KKR) had its price target dropped by research analysts at Deutsche Bank from $29.00 to $27.00 in a report issued on Thursday, Stock Target Advisor reports. The firm currently has a “hold” rating on the asset manager’s stock. Deutsche Bank’s price objective would indicate a potential upside of 10.25% from the company’s previous close.
KKR has been the subject of several other research reports. Oppenheimer set a $35.00 target price on shares of KKR & Co Inc and gave the company a “buy” rating in a research note on Wednesday, September 26th. Zacks Investment Research cut shares of KKR & Co Inc from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 target price on shares of KKR & Co Inc in a research note on Friday, July 27th. Bank of America cut shares of KKR & Co Inc from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a research note on Wednesday. Finally, Morgan Stanley increased their target price on shares of KKR & Co Inc from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, July 12th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $30.45.
NYSE KKR opened at $24.49 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. KKR & Co Inc has a twelve month low of $18.74 and a twelve month high of $28.73. The stock has a market capitalization of $14.31 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.41 and a beta of 1.61.
KKR & Co Inc (NYSE:KKR) last released its earnings results on Thursday, July 26th. The asset manager reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. KKR & Co Inc had a net margin of 39.10% and a return on equity of 7.34%. The business had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $391.74 million. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that KKR & Co Inc will post 1.65 earnings per share for the current year.
In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 11,452,321 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $38.26, for a total transaction of $438,165,801.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have acquired 130,656 shares of company stock valued at $1,914,185 and have sold 15,225,220 shares valued at $533,613,038.
Institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. bought a new position in KKR & Co Inc during the second quarter worth about $102,000. Thompson Siegel & Walmsley LLC bought a new position in KKR & Co Inc during the second quarter worth about $137,000. First American Trust FSB bought a new position in KKR & Co Inc during the second quarter worth about $205,000. Moloney Securities Asset Management LLC bought a new position in KKR & Co Inc during the second quarter worth about $213,000. Finally, BB&T Securities LLC bought a new position in KKR & Co Inc during the second quarter worth about $247,000. Hedge funds and other institutional investors own 62.37% of the company’s stock.
About KKR & Co Inc
KKR & Co L.P. 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, and middle market investments.
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