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

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

Other analysts have also issued reports about the stock. JMP Securities raised their price target on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. Evercore ISI boosted their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Oppenheimer raised their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.86.

KKR & Co. Inc. Trading Up 2.0 %

Shares of NYSE:KKR opened at $122.78 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s 50-day moving average is $116.66 and its 200-day moving average is $106.62. The company has a market cap of $108.96 billion, a P/E ratio of 27.53, a P/E/G 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 $128.79.

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

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake 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 valued at $1,342,742,000 after purchasing an additional 11,134,363 shares during the last quarter. Norges Bank bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $649,798,000. Winslow Capital Management LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $344,354,000. GQG Partners LLC acquired a new stake in KKR & Co. Inc. during the 1st quarter worth $217,004,000. Finally, Canada Pension Plan Investment Board raised its position 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 valued at $337,543,000 after acquiring an additional 2,133,290 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

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.