StockNews.com Downgrades KKR & Co. Inc. (NYSE:KKR) to Sell

KKR & Co. Inc. (NYSE:KKR) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other analysts have also recently commented on the company. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Barclays lifted their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. TD Cowen lifted their price target on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley lifted their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

KKR & Co. Inc. Stock Down 1.9 %

Shares of KKR stock opened at $94.89 on Wednesday. The stock has a 50 day moving average of $97.58 and a 200 day moving average of $82.90. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a market cap of $83.98 billion, a P/E ratio of 23.26, a P/E/G ratio of 0.90 and a beta of 1.61. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current year.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the acquisition, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several large investors have recently bought and sold shares of KKR. AE Wealth Management LLC increased its holdings in KKR & Co. Inc. by 1.2% during the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock worth $878,000 after purchasing an additional 168 shares during the period. Global Retirement Partners LLC boosted its position in shares of KKR & Co. Inc. by 14.2% during the 3rd quarter. Global Retirement Partners LLC now owns 1,812 shares of the asset manager’s stock worth $108,000 after acquiring an additional 226 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth about $493,000. Exchange Traded Concepts LLC boosted its position in shares of KKR & Co. Inc. by 14,032.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,957 shares of the asset manager’s stock worth $244,000 after acquiring an additional 3,929 shares in the last quarter. Finally, Coronation Fund Managers Ltd. boosted its position in shares of KKR & Co. Inc. by 66.2% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 247,459 shares of the asset manager’s stock worth $15,243,000 after acquiring an additional 98,560 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc 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, lower middle market and middle market investments.