KKR & Co. Inc. (NYSE:KKR) Stock Rating Upgraded by Keefe, Bruyette & Woods

KKR & Co. Inc. (NYSE:KKRGet Free Report) was upgraded by analysts at Keefe, Bruyette & Woods to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

KKR has been the topic of several other research reports. Piper Sandler cut their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research report on Tuesday. BMO Capital Markets reduced their price objective on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Barclays boosted their price objective on shares of KKR & Co. Inc. from $122.00 to $124.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.08.

Read Our Latest Analysis on KKR & Co. Inc.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $97.04 on Monday. The business’s 50-day simple moving average is $95.37 and its 200 day simple moving average is $100.90. The stock has a market cap of $87.13 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 0.82 and a beta of 1.79. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last issued its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The company had revenue of $5.74 billion for the quarter. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.54 earnings per share 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 Buying and Selling

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of the stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the completion of the transaction, the executive vice president owned 127,868 shares in the company, valued at approximately $7,518,638.40. This represents a 19.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Large investors have recently bought and sold shares of the company. SteelPeak Wealth LLC grew its holdings in shares of KKR & Co. Inc. by 3.2% during the fourth quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock worth $325,000 after purchasing an additional 80 shares during the last quarter. Diversified Trust Co. raised its position in KKR & Co. Inc. by 1.5% during the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after purchasing an additional 82 shares during the last quarter. Modera Wealth Management LLC lifted its holdings in KKR & Co. Inc. by 4.9% during the 4th quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock worth $228,000 after buying an additional 84 shares during the period. Sound Income Strategies LLC increased its stake in shares of KKR & Co. Inc. by 9.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock valued at $143,000 after buying an additional 90 shares during the period. Finally, Praxis Investment Management Inc. raised its position in shares of KKR & Co. Inc. by 0.9% during the fourth quarter. Praxis Investment Management Inc. now owns 10,006 shares of the asset manager’s stock worth $1,276,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

(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.

Further Reading

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

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