KKR & Co. Inc. (NYSE:KKR) Stock Rating Upgraded by Hsbc Global Res

KKR & Co. Inc. (NYSE:KKR) was upgraded by Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Wednesday. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their target price for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 target price for the company. Finally, UBS Group dropped their price target on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.57.

KKR & Co. Inc. Price Performance

KKR stock traded down $2.01 on Tuesday, reaching $114.76. The company had a trading volume of 1,732,441 shares, compared to its average volume of 4,124,339. The company’s fifty day moving average is $128.26 and its 200 day moving average is $132.11. The company has a market cap of $102.29 billion, a P/E ratio of 48.52, a PEG ratio of 1.00 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same period in the prior year, the business earned $1.38 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds and other institutional investors have recently modified their holdings of KKR. Southeast Asset Advisors LLC lifted its holdings in KKR & Co. Inc. by 0.3% during the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after buying an additional 68 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of KKR & Co. Inc. by 1.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after buying an additional 75 shares during the last quarter. Berbice Capital Management LLC boosted its holdings in shares of KKR & Co. Inc. by 3.5% in the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after buying an additional 75 shares during the period. SteelPeak Wealth LLC grew its position in shares of KKR & Co. Inc. by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after buying an additional 80 shares during the last quarter. Finally, Diversified Trust Co. raised its stake in KKR & Co. Inc. by 1.5% during the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after acquiring an additional 82 shares during the period. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.