KKR & Co. Inc. (NYSE:KKR) Downgraded by The Goldman Sachs Group to Neutral

KKR & Co. Inc. (NYSE:KKRGet Rating) was downgraded by equities researchers at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report released on Sunday, The Fly reports.

Other research analysts also recently issued research reports about the company. Oppenheimer raised their price target on KKR & Co. Inc. from $76.00 to $81.00 in a research note on Wednesday, April 13th. StockNews.com assumed coverage on KKR & Co. Inc. in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Wells Fargo & Company dropped their price target on KKR & Co. Inc. from $83.00 to $73.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 19th. JMP Securities decreased their price objective on KKR & Co. Inc. from $92.00 to $85.00 and set a “market outperform” rating for the company in a research report on Thursday, April 7th. Finally, Citigroup decreased their price objective on KKR & Co. Inc. from $94.00 to $81.50 and set a “buy” rating for the company in a research report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Buy” and a consensus price target of $78.96.

Shares of KKR & Co. Inc. stock traded down $1.61 during trading hours on Friday, hitting $50.97. The company’s stock had a trading volume of 4,619,111 shares, compared to its average volume of 3,030,173. The firm has a fifty day moving average of $56.39 and a 200-day moving average of $66.81. KKR & Co. Inc. has a twelve month low of $50.01 and a twelve month high of $83.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $29.82 billion, a price-to-earnings ratio of 6.95, a P/E/G ratio of 2.23 and a beta of 1.47.

KKR & Co. Inc. (NYSE:KKRGet Rating) last posted its quarterly earnings results on Tuesday, February 8th. The asset manager reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.48. The company had revenue of $962.79 million for the quarter, compared to analyst estimates of $826.04 million. KKR & Co. Inc. had a return on equity of 7.27% and a net margin of 31.42%. During the same quarter last year, the company earned $0.49 EPS. On average, sell-side analysts expect that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

In related news, Director Matt Cohler purchased 8,683 shares of the company’s stock in a transaction on Thursday, February 24th. The stock was bought at an average price of $58.26 per share, with a total value of $505,871.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.34% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware grew its position in shares of KKR & Co. Inc. by 4.8% in the first quarter. Mckinley Capital Management LLC Delaware now owns 36,441 shares of the asset manager’s stock valued at $2,130,000 after purchasing an additional 1,681 shares during the period. Park Avenue Securities LLC grew its position in KKR & Co. Inc. by 374.9% during the first quarter. Park Avenue Securities LLC now owns 15,108 shares of the asset manager’s stock valued at $883,000 after acquiring an additional 11,927 shares during the period. FourThought Financial LLC grew its position in KKR & Co. Inc. by 108.3% during the first quarter. FourThought Financial LLC now owns 2,471 shares of the asset manager’s stock valued at $135,000 after acquiring an additional 1,285 shares during the period. Full18 Capital LLC grew its position in KKR & Co. Inc. by 251.4% during the first quarter. Full18 Capital LLC now owns 516,212 shares of the asset manager’s stock valued at $32,292,000 after acquiring an additional 369,297 shares during the period. Finally, First Bank & Trust grew its position in KKR & Co. Inc. by 15.5% during the first quarter. First Bank & Trust now owns 3,826 shares of the asset manager’s stock valued at $224,000 after acquiring an additional 513 shares during the period. 77.10% of the stock is owned by institutional investors and hedge funds.

About KKR & Co. Inc. (Get Rating)

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.

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