KKR & Co. Inc. (NYSE:KKR) Stock Rating Lowered by StockNews.com

KKR & Co. Inc. (NYSE:KKR) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Several other analysts have also recently commented on the stock. Barclays raised their price target on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. TD Cowen raised their price objective on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Finally, JMP Securities raised their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.64.

KKR & Co. Inc. Trading Down 1.2 %

Shares of KKR traded down $1.20 during midday trading on Wednesday, hitting $96.77. The stock had a trading volume of 3,629,015 shares, compared to its average volume of 3,454,621. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48. The business has a 50-day simple moving average of $97.61 and a two-hundred day simple moving average of $82.81. The firm has a market cap of $85.64 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. As a group, equities analysts forecast that KKR & Co. Inc. will post 4.19 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the acquisition, the insider now owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KKR. SOL Capital Management CO increased its stake in shares of KKR & Co. Inc. by 0.5% in the 1st quarter. SOL Capital Management CO now owns 129,712 shares of the asset manager’s stock valued at $13,046,000 after acquiring an additional 585 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $2,838,000. Spire Wealth Management increased its stake in shares of KKR & Co. Inc. by 5.4% in the 1st quarter. Spire Wealth Management now owns 11,875 shares of the asset manager’s stock valued at $1,194,000 after acquiring an additional 609 shares during the last quarter. Essex Financial Services Inc. increased its stake in shares of KKR & Co. Inc. by 6.2% in the 1st quarter. Essex Financial Services Inc. now owns 15,581 shares of the asset manager’s stock valued at $1,567,000 after acquiring an additional 909 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of KKR & Co. Inc. by 487.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 65,498 shares of the asset manager’s stock valued at $6,588,000 after acquiring an additional 54,345 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.