KKR & Co. Inc. (NYSE:KKR) Upgraded at Keefe, Bruyette & Woods

KKR & Co. Inc. (NYSE:KKR) was upgraded by stock analysts at Keefe, Bruyette & Woods to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. HSBC upped their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research note on Monday. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. UBS Group boosted their price target on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group decreased their price objective on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, TD Cowen decreased their price objective on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.08.

KKR & Co. Inc. Trading Up 0.1%

Shares of KKR stock opened at $97.04 on Monday. The firm has a 50-day moving average price of $95.37 and a 200 day moving average price of $100.90. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The company has a market capitalization of $87.13 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 0.82 and a beta of 1.79. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The company had revenue of $5.74 billion for the quarter. Research analysts forecast that KKR & Co. Inc. will post 5.54 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the transaction, the executive vice president owned 127,868 shares of the company’s stock, valued at $7,518,638.40. This trade represents a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at about $218,000. Sivia Capital Partners LLC increased its stake in KKR & Co. Inc. by 13.1% during the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after acquiring an additional 237 shares during the last quarter. United Bank acquired a new stake in KKR & Co. Inc. during the second quarter worth about $769,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter worth about $4,826,000. 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.