KKR & Co. Inc. (NYSE:KKR) Stock Rating Upgraded by StockNews.com

KKR & Co. Inc. (NYSE:KKR) was upgraded by StockNews.com to a “sell” rating in a research report issued on Saturday.

A number of other equities analysts have also issued reports on KKR. Barclays boosted their target price on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Oppenheimer boosted their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Evercore ISI boosted their price objective on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.27.

KKR & Co. Inc. Stock Up 0.3 %

KKR stock opened at $133.23 on Friday. The firm has a market cap of $118.23 billion, a PE ratio of 29.87, a P/E/G ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $133.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a 50 day simple moving average of $118.86 and a 200 day simple moving average of $107.90.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc raised its position in shares of KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 218 shares during the period. Mather Group LLC. raised its position in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after buying an additional 208 shares during the last quarter. Riverview Trust Co bought a new stake in KKR & Co. Inc. in the 1st quarter valued at approximately $27,000. American National Bank raised its holdings in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 235 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in KKR & Co. Inc. during the second quarter worth $38,000. 76.26% of the stock is owned by institutional investors and hedge funds.

About KKR & Co. Inc.

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.