KKR & Co. Inc. (NYSE:KKR) Posts Quarterly Earnings Results

KKR & Co. Inc. (NYSE:KKR) posted its earnings results on Friday. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11, Briefing.com reports. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm earned $1.38 EPS.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $121.54 on Friday. The company has a market capitalization of $108.28 billion, a PE ratio of 56.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The company’s fifty day moving average price is $129.87 and its 200 day moving average price is $130.87. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

Wall Street Analyst Weigh In

Several equities analysts have commented on KKR shares. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Barclays upped their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Oppenheimer decreased their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.27.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. increased its stake in KKR & Co. Inc. by 32.9% during the second quarter. Riggs Asset Managment Co. Inc. now owns 493 shares of the asset manager’s stock valued at $66,000 after acquiring an additional 122 shares during the period. Osterweis Capital Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth about $140,000. Bison Wealth LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $218,000. Redwood Financial Network Corp bought a new position in KKR & Co. Inc. in the 2nd quarter valued at $220,000. Finally, Modern Wealth Management LLC acquired a new position in KKR & Co. Inc. during the 2nd quarter worth about $225,000. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.