KKR & Co. Inc. (NYSE:KKR) Stock Rating Upgraded by Zacks Research

KKR & Co. Inc. (NYSE:KKRGet Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages have also weighed in on KKR. UBS Group increased their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. BMO Capital Markets cut their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Barclays reduced their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Oppenheimer reduced their price target on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Finally, Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $134.53.

View Our Latest Research Report on KKR

KKR & Co. Inc. Trading Up 2.1%

Shares of NYSE KKR opened at $96.00 on Thursday. The company’s 50 day simple moving average is $96.46 and its 200 day simple moving average is $109.12. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The firm has a market capitalization of $86.20 billion, a P/E ratio of 32.65, a P/E/G ratio of 0.81 and a beta of 1.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last announced its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The business had revenue of $5.74 billion for the quarter. On average, analysts predict that KKR & Co. Inc. will post 5.51 EPS for the current year.

KKR & Co. Inc. announced that its Board of Directors has approved a share repurchase program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at KKR & Co. Inc.

In related news, Director Timothy R. Barakett acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the acquisition, the director directly owned 285,000 shares in the company, valued at approximately $26,923,950. The trade was a 21.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Axiom Investment Management LLC acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $555,000. Essential Partners LLC raised its holdings in shares of KKR & Co. Inc. by 3,440.0% during the first quarter. Essential Partners LLC now owns 1,062 shares of the asset manager’s stock worth $98,000 after acquiring an additional 1,032 shares during the period. Bull Harbor Capital LLC acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at $234,000. Arkadios Wealth Advisors increased its stake in KKR & Co. Inc. by 8.2% in the 1st quarter. Arkadios Wealth Advisors now owns 20,983 shares of the asset manager’s stock valued at $1,941,000 after buying an additional 1,596 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in KKR & Co. Inc. by 3.6% in the 1st quarter. Sunbelt Securities Inc. now owns 3,991 shares of the asset manager’s stock valued at $369,000 after buying an additional 140 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

(Get Free Report)

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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Analyst Recommendations for KKR & Co. Inc. (NYSE:KKR)

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