KKR & Co. Inc. (NYSE:KKR) Now Covered by Analysts at HSBC

Research analysts at HSBC started coverage on shares of KKR & Co. Inc. (NYSE:KKR) in a report issued on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $148.00 price target on the asset manager’s stock. HSBC’s price target indicates a potential upside of 11.49% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company started coverage on KKR & Co. Inc. in a research report on Thursday, September 12th. They set an “equal weight” rating and a $130.00 price target on the stock. TD Cowen upped their price target on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Finally, JMP Securities lifted their price target on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $128.27.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $132.75 on Wednesday. The firm has a market cap of $117.80 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 0.99 and a beta of 1.62. The business’s 50 day moving average is $118.41 and its two-hundred day moving average is $107.51. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $133.84.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same quarter last year, the business posted $0.58 EPS. Analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Large investors have recently made changes to their positions in the company. Gilbert & Cook Inc. grew its position in KKR & Co. Inc. by 5.8% during the 4th quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock worth $1,204,000 after purchasing an additional 792 shares in the last quarter. Dimensional Fund Advisors LP raised its position in KKR & Co. Inc. by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,239,911 shares of the asset manager’s stock valued at $102,737,000 after buying an additional 58,027 shares during the period. Avantax Advisory Services Inc. lifted its stake in KKR & Co. Inc. by 5.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,567 shares of the asset manager’s stock worth $296,000 after acquiring an additional 196 shares in the last quarter. Quadrant Capital Group LLC boosted its position in KKR & Co. Inc. by 141.0% during the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the asset manager’s stock worth $81,000 after acquiring an additional 571 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $255,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

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.