KKR & Co. Inc. (NYSE:KKR) Stock Rating Upgraded by Hsbc Global Res

KKR & Co. Inc. (NYSE:KKR) was upgraded by investment analysts at Hsbc Global Res to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

A number of other analysts have also weighed in on KKR. Citigroup upped their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Oppenheimer raised their target price 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. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Thursday, September 12th. Finally, Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.27.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $132.75 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $118.41 and its two-hundred day moving average is $107.51. The firm has a market capitalization of $117.80 billion, a P/E ratio of 29.76, a PEG ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $133.84.

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

Insider Buying and Selling at KKR & Co. Inc.

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

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its position in KKR & Co. Inc. by 13.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock valued at $81,000 after acquiring an additional 89 shares in the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of KKR & Co. Inc. by 2.1% in the 2nd quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock valued at $490,000 after purchasing an additional 94 shares during the last quarter. Premier Path Wealth Partners LLC boosted its holdings in KKR & Co. Inc. by 2.4% in the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after purchasing an additional 99 shares in the last quarter. Whittier Trust Co. boosted its holdings in KKR & Co. Inc. by 4.5% in the first quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after purchasing an additional 103 shares in the last quarter. Finally, First Bank & Trust increased its position in KKR & Co. Inc. by 1.6% during the second quarter. First Bank & Trust now owns 6,536 shares of the asset manager’s stock worth $688,000 after buying an additional 104 shares during the last quarter. 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.