A number of other analysts have also recently issued reports on the company. Deutsche Bank lowered their price objective on KKR & Co Inc from $29.00 to $27.00 and set a hold rating on the stock in a research report on Thursday, October 11th. Bank of America cut KKR & Co Inc from a buy rating to a neutral rating and set a $28.00 price objective on the stock. in a research report on Wednesday, October 10th. Zacks Investment Research upgraded KKR & Co Inc from a sell rating to a hold rating in a research report on Tuesday, October 9th. Oppenheimer set a $35.00 price objective on KKR & Co Inc and gave the company a buy rating in a research report on Wednesday, September 26th. Finally, Citigroup boosted their price objective on KKR & Co Inc from $31.00 to $34.00 and gave the company a buy rating in a research report on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $30.25.
KKR opened at $24.53 on Monday. The company has a market cap of $13.41 billion, a PE ratio of 10.31, a PEG ratio of 1.24 and a beta of 1.61. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87. KKR & Co Inc has a 1 year low of $18.74 and a 1 year high of $28.73.
KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $391.74 million. KKR & Co Inc had a return on equity of 7.34% and a net margin of 39.10%. KKR & Co Inc’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. As a group, research analysts predict that KKR & Co Inc will post 1.77 earnings per share for the current year.
In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 1,742,007 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $38.26, for a total value of $66,649,187.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders acquired 130,656 shares of company stock worth $1,914,185 and sold 15,225,220 shares worth $533,613,038.
Large investors have recently made changes to their positions in the business. FMR LLC boosted its stake in KKR & Co Inc by 4.6% in the second quarter. FMR LLC now owns 27,636,830 shares of the asset manager’s stock worth $686,775,000 after purchasing an additional 1,202,775 shares in the last quarter. BB&T Securities LLC acquired a new position in KKR & Co Inc in the second quarter worth $247,000. Raymond James Financial Services Advisors Inc. acquired a new position in KKR & Co Inc in the second quarter worth $1,613,000. Moon Capital Management LLC acquired a new position in KKR & Co Inc in the third quarter worth $2,870,000. Finally, Principal Financial Group Inc. boosted its stake in KKR & Co Inc by 1.7% in the first quarter. Principal Financial Group Inc. now owns 14,541,128 shares of the asset manager’s stock worth $295,185,000 after purchasing an additional 237,568 shares in the last quarter. Hedge funds and other institutional investors own 62.36% of the company’s stock.
About KKR & Co Inc
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, and middle market investments.
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