KKR & Co. Inc. (NYSE:KKR) Announces Earnings Results

KKR & Co. Inc. (NYSE:KKR) issued its earnings results on Monday. The asset manager reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.20, FiscalAI reports. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $2.66 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%.

KKR & Co. Inc. Stock Down 0.1%

Shares of KKR opened at $96.34 on Monday. The firm has a market cap of $86.48 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 0.74 and a beta of 1.72. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84. The company’s 50-day moving average price is $96.02 and its 200 day moving average price is $98.33. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

Insider Buying and Selling

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider owned 8,513 shares of the company’s stock, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Argus increased their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Bank of America reduced their price target on shares of KKR & Co. Inc. from $147.00 to $143.00 in a research report on Tuesday, August 4th. HSBC reduced their price target on shares of KKR & Co. Inc. from $121.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. UBS Group decreased their price objective on KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Finally, Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price objective for the company. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.58.

About KKR & Co. Inc.