KKR & Co. Inc. (NYSE:KKR) Rating Increased to Hold at Wall Street Zen

KKR & Co. Inc. (NYSE:KKR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Several other equities research analysts have also issued reports on the company. UBS Group lowered their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Barclays dropped their price objective on shares of KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Citigroup reduced their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.43.

KKR & Co. Inc. Price Performance

KKR stock opened at $121.27 on Friday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The firm has a market capitalization of $108.10 billion, a P/E ratio of 51.39, a price-to-earnings-growth ratio of 1.05 and a beta of 1.99. The company has a fifty day simple moving average of $128.15 and a two-hundred day simple moving average of $132.62. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

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

Institutional Trading of KKR & Co. Inc.

A number of large investors have recently modified their holdings of the company. Southeast Asset Advisors LLC raised its position in 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 purchasing an additional 68 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after buying an additional 75 shares during the period. Berbice Capital Management LLC raised its holdings in shares of 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 in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of 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 in the last quarter. Finally, Diversified Trust Co. lifted its stake in KKR & Co. Inc. by 1.5% in the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors 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.