KKR & Co. Inc. (NYSE:KKR) Stock Rating Lowered by Wall Street Zen

KKR & Co. Inc. (NYSE:KKR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities analysts have also recently issued reports on the stock. UBS Group cut their target price on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Barclays dropped their price target on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Oppenheimer lowered their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Citigroup cut their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $156.43.

KKR & Co. Inc. Stock Up 0.3%

KKR stock opened at $131.65 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm has a fifty day moving average price of $127.78 and a two-hundred day moving average price of $133.04. The firm has a market cap of $117.35 billion, a price-to-earnings ratio of 55.78, a PEG ratio of 1.14 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $1.38 EPS. Research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of the stock. Louisbourg Investments Inc. lifted its position in shares of KKR & Co. Inc. by 24.5% in the 4th quarter. Louisbourg Investments Inc. now owns 31,575 shares of the asset manager’s stock valued at $4,025,000 after acquiring an additional 6,218 shares in the last quarter. Blue Trust Inc. grew its position in KKR & Co. Inc. by 159.9% in the fourth quarter. Blue Trust Inc. now owns 1,947 shares of the asset manager’s stock worth $248,000 after acquiring an additional 1,198 shares in the last quarter. Tema Etfs LLC increased its position in KKR & Co. Inc. by 20.9% during the fourth quarter. Tema Etfs LLC now owns 12,979 shares of the asset manager’s stock worth $1,655,000 after buying an additional 2,241 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $83,000. Finally, Frank Rimerman Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 91.5% in the fourth quarter. Frank Rimerman Advisors LLC now owns 4,987 shares of the asset manager’s stock worth $636,000 after buying an additional 2,383 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

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.