KKR & Co. Inc. (NYSE:KKR) Rating Increased to Buy at HSBC

KKR & Co. Inc. (NYSE:KKR) was upgraded by HSBC from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday,Finviz reports. The brokerage currently has a $144.00 target price on the asset manager’s stock. HSBC’s target price indicates a potential upside of 24.14% from the company’s previous close.

A number of other brokerages also recently weighed in on KKR. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price for the company. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Citigroup cut their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, UBS Group reduced their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $116.00 on Wednesday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $103.39 billion, a PE ratio of 49.15, a P/E/G ratio of 1.03 and a beta of 1.99. The company’s 50 day simple moving average is $128.27 and its 200 day simple moving average is $132.22.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion during 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 firm posted $1.38 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of the business. ESL Trust Services LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter valued at $26,000. Asset Dedication LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth about $26,000. GGM Financials LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth about $27,000. Clearstead Trust LLC acquired a new stake in KKR & Co. Inc. during the 2nd quarter worth about $28,000. Finally, Richardson Financial Services Inc. grew its stake in KKR & Co. Inc. by 2,150.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 215 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 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.