KKR & Co. Inc. (NYSE:KKR) Rating Increased to Sell at StockNews.com

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

Other analysts also recently issued research reports about the company. Citigroup lifted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Redburn Atlantic began coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Finally, Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and two have given 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. Stock Performance

NYSE:KKR opened at $133.26 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $133.84. The stock’s 50 day simple moving average is $118.86 and its two-hundred day simple moving average is $107.75. The company has a market cap of $118.26 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 0.99 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data 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 business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.01 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. acquired 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds have recently made changes to their positions in KKR. Wellington Management Group LLP lifted its holdings in shares of KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares during the period. Winslow Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $344,354,000. GQG Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter worth $217,004,000. Canada Pension Plan Investment Board lifted its stake in shares of KKR & Co. Inc. by 198.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after purchasing an additional 2,133,290 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of KKR & Co. Inc. by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after purchasing an additional 1,728,782 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

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.