KKR & Co. Inc. (NYSE:KKR) Raised to Hold at Zacks Investment Research
According to Zacks, “KKR & Co. Inc. operates as an investment firm. The Company manages investments such as private equity, energy, infrastructure, real estate, credit strategies and hedge funds. KKR & Co. Inc., formerly known as KKR & Co. L.P., is based in New York. “
Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of KKR & Co. Inc. from a c+ rating to a b rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KKR & Co. Inc. from $38.00 to $40.00 and gave the company a hold rating in a research report on Wednesday, November 11th. BidaskClub cut shares of KKR & Co. Inc. from a strong-buy rating to a buy rating in a research report on Thursday, January 7th. Finally, Morgan Stanley upped their price target on shares of KKR & Co. Inc. from $38.00 to $39.00 and gave the stock an equal weight rating in a report on Wednesday, November 4th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $38.15.
KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, November 4th. The asset manager reported $0.48 EPS for the quarter, topping the consensus estimate of $0.40 by $0.08. The company had revenue of $573.80 million during the quarter, compared to analysts’ expectations of $481.79 million. KKR & Co. Inc.’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the firm posted $0.46 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 1.65 EPS for the current year.
In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 20,125,000 shares of the firm’s stock in a transaction on Monday, December 14th. The stock was sold at an average price of $110.04, for a total value of $2,214,555,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John B. Hess sold 145,600 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $37.12, for a total value of $5,404,672.00. Following the completion of the transaction, the director now owns 156,579 shares in the company, valued at approximately $5,812,212.48. The disclosure for this sale can be found here. Insiders sold a total of 20,370,600 shares of company stock worth $2,223,442,672 in the last three months. 39.34% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Prospera Financial Services Inc purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $29,000. Kistler Tiffany Companies LLC increased its position in shares of KKR & Co. Inc. by 81.3% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 981 shares of the asset manager’s stock worth $34,000 after purchasing an additional 440 shares during the last quarter. NEXT Financial Group Inc acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth about $41,000. Ellevest Inc. acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $48,000. Finally, Cullen Frost Bankers Inc. grew its position in KKR & Co. Inc. by 68.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,680 shares of the asset manager’s stock valued at $58,000 after acquiring an additional 680 shares in the last quarter. Institutional investors and hedge funds own 73.41% 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.
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