KKR & Co. Inc. (NYSE:KKR) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of KKR & Co. Inc. (NYSE:KKR) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other research firms also recently commented on KKR. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Citigroup decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings downgraded shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 21st. Finally, UBS Group cut their target price on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. Trading Down 1.6%

Shares of KKR opened at $114.93 on Tuesday. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $102.44 billion, a P/E ratio of 48.70, a PEG ratio of 1.01 and a beta of 1.99. The firm’s 50-day moving average is $128.27 and its two-hundred day moving average is $131.99.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same period last year, the firm earned $1.38 EPS. On average, research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors have recently modified their holdings of the company. Southeast Asset Advisors LLC grew its stake in shares of KKR & Co. Inc. by 0.3% during the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock valued at $2,983,000 after buying an additional 68 shares during the period. Moors & Cabot Inc. raised its position in shares of KKR & Co. Inc. by 1.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after buying an additional 75 shares during the period. Berbice Capital Management LLC boosted its holdings in KKR & Co. Inc. by 3.5% in the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after acquiring an additional 75 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in KKR & Co. Inc. by 3.2% in the fourth quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after acquiring an additional 80 shares during the last quarter. Finally, Diversified Trust Co. grew its position in KKR & Co. Inc. by 1.5% during the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.