Shares of KKR & Co Inc (NYSE:KKR) have been given a consensus rating of “Hold” by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $34.25.
A number of research firms have recently issued reports on KKR. ValuEngine downgraded KKR & Co Inc from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Zacks Investment Research downgraded KKR & Co Inc from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Jefferies Financial Group began coverage on KKR & Co Inc in a research report on Wednesday. They set a “buy” rating and a $36.00 price target on the stock. JMP Securities downgraded KKR & Co Inc from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, BMO Capital Markets began coverage on KKR & Co Inc in a research report on Monday, October 7th. They set an “outperform” rating and a $40.00 price target on the stock.
In related news, major shareholder Fund Holdings L.P. Kkr acquired 155,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of $16.00 per share, with a total value of $2,480,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of KKR. Griffin Asset Management Inc. bought a new stake in KKR & Co Inc during the second quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in KKR & Co Inc during the third quarter valued at about $30,000. Captrust Financial Advisors boosted its position in KKR & Co Inc by 53.3% during the second quarter. Captrust Financial Advisors now owns 1,401 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 487 shares in the last quarter. Hoey Investments Inc. bought a new stake in KKR & Co Inc during the fourth quarter valued at about $36,000. Finally, Massey Quick Simon & CO. LLC bought a new stake in KKR & Co Inc during the third quarter valued at about $38,000. 77.93% of the stock is currently owned by institutional investors.
NYSE:KKR traded up $0.77 during midday trading on Thursday, hitting $30.30. 1,153,781 shares of the company traded hands, compared to its average volume of 2,504,167. The firm’s fifty day moving average is $29.32 and its 200-day moving average is $27.55. KKR & Co Inc has a 12-month low of $21.64 and a 12-month high of $30.30. The firm has a market capitalization of $16.62 billion, a P/E ratio of 15.70, a P/E/G ratio of 2.83 and a beta of 1.66. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90.
KKR & Co Inc (NYSE:KKR) last released its earnings results on Tuesday, October 29th. The asset manager reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $445.90 million during the quarter, compared to analysts’ expectations of $456.46 million. During the same quarter in the previous year, the business earned $0.60 EPS. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, research analysts expect that KKR & Co Inc will post 1.66 EPS for the current fiscal year.
KKR & Co Inc Company Profile
KKR & Co L.P. 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.
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