Zacks Investment Research upgraded shares of KKR & Co Inc (NYSE:KKR) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.
According to Zacks, “KKR & Co. Inc. operates as an investment firm. The Company manages investments such as private equity, energy, infrastructure, real estate, credit strategies and hedge funds. KKR & Co. Inc., formerly known as KKR & Co. L.P., is based in New York. “
KKR has been the subject of several other research reports. Oppenheimer set a $35.00 target price on KKR & Co Inc and gave the stock a buy rating in a research report on Tuesday, July 24th. Citigroup lifted their target price on KKR & Co Inc from $28.00 to $31.00 and gave the stock a buy rating in a research report on Tuesday, July 10th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $35.00 target price on shares of KKR & Co Inc in a research report on Friday, July 27th. Deutsche Bank lifted their target price on KKR & Co Inc from $23.00 to $28.00 and gave the stock a hold rating in a research report on Tuesday, July 10th. Finally, Jefferies Financial Group restated a buy rating and set a $32.00 price objective on shares of KKR & Co Inc in a research report on Friday, July 27th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. KKR & Co Inc has a consensus rating of Buy and a consensus price target of $30.45.
Shares of KKR opened at $24.49 on Tuesday. The company has a market capitalization of $14.31 billion, a PE ratio of 10.31, a PEG ratio of 1.41 and a beta of 1.61. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.87. KKR & Co Inc has a 52 week low of $18.74 and a 52 week high of $28.73.
KKR & Co Inc (NYSE:KKR) last issued its earnings results on Thursday, July 26th. The asset manager reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. The company had revenue of $398.00 million during the quarter, compared to analyst estimates of $391.74 million. KKR & Co Inc had a return on equity of 7.34% and a net margin of 39.10%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. Equities analysts expect that KKR & Co Inc will post 1.65 earnings per share for the current year.
In related news, major shareholder Fund Holdings L.P. Kkr sold 1,742,007 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $38.26, for a total transaction of $66,649,187.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have purchased 130,656 shares of company stock valued at $1,914,185 and have sold 15,225,220 shares valued at $533,613,038.
Hedge funds have recently made changes to their positions in the business. FMR LLC boosted its position in KKR & Co Inc by 4.6% during the 2nd quarter. FMR LLC now owns 27,636,830 shares of the asset manager’s stock worth $686,775,000 after acquiring an additional 1,202,775 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in KKR & Co Inc during the 2nd quarter worth $1,613,000. Principal Financial Group Inc. boosted its position in KKR & Co Inc by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 14,541,128 shares of the asset manager’s stock worth $295,185,000 after acquiring an additional 237,568 shares during the period. DT Investment Partners LLC boosted its position in KKR & Co Inc by 2.4% during the 2nd quarter. DT Investment Partners LLC now owns 173,412 shares of the asset manager’s stock worth $4,309,000 after acquiring an additional 4,054 shares during the period. Finally, BB&T Securities LLC acquired a new position in KKR & Co Inc during the 2nd quarter worth $247,000. 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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