KKR & Co. Inc. (NYSE:KKR) Now Covered by Citigroup

Citigroup started coverage on shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) in a research note issued on Thursday, The Fly reports. The brokerage set a “buy” rating and a $69.00 price target on the asset manager’s stock. Citigroup’s price objective points to a potential upside of 37.92% from the stock’s current price.

Several other research firms have also recently commented on KKR. BMO Capital Markets lowered their target price on shares of KKR & Co. Inc. from $74.00 to $65.00 in a research note on Tuesday, May 9th. StockNews.com began coverage on shares of KKR & Co. Inc. in a research report on Thursday. They set a “sell” rating for the company. Barclays reduced their price objective on shares of KKR & Co. Inc. from $63.00 to $60.00 in a research report on Tuesday, May 9th. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $60.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 19th. Finally, The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.39.

KKR & Co. Inc. Trading Up 0.5 %

NYSE KKR opened at $50.03 on Thursday. KKR & Co. Inc. has a 12 month low of $41.77 and a 12 month high of $60.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $43.18 billion, a price-to-earnings ratio of -56.85, a price-to-earnings-growth ratio of 2.01 and a beta of 1.53. The company’s fifty day moving average price is $50.69 and its two-hundred day moving average price is $51.82.

KKR & Co. Inc. (NYSE:KKR – Get Rating) last posted its quarterly earnings data on Monday, May 8th. The asset manager reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. KKR & Co. Inc. had a negative net margin of 5.67% and a positive return on equity of 4.87%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s revenue was up 212.9% compared to the same quarter last year. As a group, research analysts predict that KKR & Co. Inc. will post 3.21 earnings per share for the current fiscal year.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 15,952,381 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $21.00, for a total transaction of $335,000,001.00. Following the completion of the sale, the insider now directly owns 44,782,619 shares of the company’s stock, valued at approximately $940,434,999. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider David Sorkin sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $55.44, for a total transaction of $2,217,600.00. Following the completion of the sale, the insider now directly owns 1,434,144 shares of the company’s stock, valued at approximately $79,508,943.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 15,952,381 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $21.00, for a total value of $335,000,001.00. Following the sale, the insider now directly owns 44,782,619 shares of the company’s stock, valued at $940,434,999. The disclosure for this sale can be found here. Insiders sold 23,592,381 shares of company stock valued at $632,325,601 over the last ninety days. 39.34% of the stock is owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in KKR & Co. Inc. by 9.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,770,692 shares of the asset manager’s stock valued at $1,667,140,000 after purchasing an additional 3,309,267 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in KKR & Co. Inc. by 54.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock valued at $1,209,457,000 after purchasing an additional 9,192,928 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in KKR & Co. Inc. by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 24,930,947 shares of the asset manager’s stock valued at $1,309,373,000 after purchasing an additional 842,229 shares during the last quarter. Akre Capital Management LLC lifted its holdings in KKR & Co. Inc. by 0.9% during the 1st quarter. Akre Capital Management LLC now owns 14,865,320 shares of the asset manager’s stock valued at $869,175,000 after purchasing an additional 134,660 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in KKR & Co. Inc. by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 7,699,314 shares of the asset manager’s stock valued at $403,764,000 after purchasing an additional 260,606 shares during the last quarter. 53.85% of the stock is owned by institutional investors.

About KKR & Co. Inc.

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KKR & Co, Inc engages in the provision of investment and private equity asset management services. The firm manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management and Insurance segments.