KKR & Co. Inc. (NYSE:KKR) Stock Rated “Moderate Buy” by Sell-Side Brokerages

KKR & Co. Inc. (NYSE:KKR) has been assigned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $123.58.

KKR has been the subject of a number of analyst reports. Rothschild & Co Redburn boosted their price target on KKR & Co. Inc. from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Weiss Ratings restated a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Friday, September 11th. Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. in a research note on Friday, October 2nd. They set an “equal weight” rating and a $97.00 price target on the stock. Finally, Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $94.34 on Monday. The firm has a market capitalization of $84.68 billion, a PE ratio of 30.04, a P/E/G ratio of 0.73 and a beta of 1.83. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84. The firm’s 50-day simple moving average is $97.05 and its 200 day simple moving average is $99.12. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm posted $1.18 EPS. On average, equities research analysts predict that KKR & Co. Inc. will post 7.35 EPS for the current fiscal year.

Insider Buying and Selling

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares in the company, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Silvant Capital Management LLC acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at $34,000. Compass Financial Management LLC boosted its position in KKR & Co. Inc. by 133.9% during the 3rd quarter. Compass Financial Management LLC now owns 407 shares of the asset manager’s stock worth $37,000 after purchasing an additional 233 shares during the period. GHP Investment Advisors Inc. acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at $39,000. Global Assets Advisory LLC acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at $46,000. Finally, Eastern Bank increased its holdings in KKR & Co. Inc. by 28.1% in the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock valued at $50,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.