KKR & Co. Inc. (NYSE:KKR) Raised to Strong-Buy at BMO Capital Markets

KKR & Co. Inc. (NYSE:KKR) was upgraded by equities researchers at BMO Capital Markets to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler started coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an “overweight” rating and a $150.00 target price on the stock. Citigroup lifted their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 1st. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a report on Wednesday, July 9th. Oppenheimer lifted their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. Finally, Evercore ISI lifted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.40.

KKR & Co. Inc. Trading Up 2.3%

Shares of KKR opened at $127.51 on Thursday. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average is $140.96 and its two-hundred day moving average is $128.34. The stock has a market cap of $113.60 billion, a PE ratio of 59.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $1.09 EPS. Research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI raised its holdings in KKR & Co. Inc. by 44.0% in the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock valued at $90,078,000 after buying an additional 237,987 shares during the period. Valeo Financial Advisors LLC grew its position in KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock valued at $818,000 after acquiring an additional 2,006 shares in the last quarter. CWM LLC grew its position in KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after acquiring an additional 398 shares in the last quarter. Western Financial Corp CA acquired a new position in KKR & Co. Inc. in the 1st quarter valued at about $739,000. Finally, Ground Swell Capital LLC acquired a new position in KKR & Co. Inc. in the 1st quarter valued at about $463,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.