KKR & Co Inc (KKR) Receives Consensus Rating of “Buy” from Brokerages

Shares of KKR & Co Inc (NYSE:KKR) have been given an average recommendation of “Buy” by the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $29.58.

KKR has been the topic of several analyst reports. Argus upgraded KKR & Co Inc from a “hold” rating to a “buy” rating and set a $31.33 price target on the stock in a report on Friday, October 26th. They noted that the move was a valuation call. Oppenheimer set a $35.00 price target on KKR & Co Inc and gave the company a “buy” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, October 17th. Wells Fargo & Co reiterated a “buy” rating on shares of KKR & Co Inc in a report on Monday, October 15th. Finally, Citigroup lowered their price target on KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th.

In other news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $40.20, for a total value of $404,181,211.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Edge Wealth Management LLC acquired a new position in KKR & Co Inc during the third quarter worth $104,000. Financial Architects Inc acquired a new position in KKR & Co Inc during the third quarter worth $106,000. Bronfman E.L. Rothschild L.P. acquired a new position in KKR & Co Inc during the third quarter worth $126,000. Duncker Streett & Co. Inc. acquired a new position in KKR & Co Inc during the third quarter worth $160,000. Finally, Baldwin Brothers Inc. MA acquired a new position in KKR & Co Inc during the third quarter worth $164,000. 73.17% of the stock is owned by hedge funds and other institutional investors.

NYSE:KKR traded down $0.29 during mid-day trading on Friday, reaching $20.83. The stock had a trading volume of 128,255 shares, compared to its average volume of 4,298,727. KKR & Co Inc has a fifty-two week low of $18.30 and a fifty-two week high of $28.73. The company has a market capitalization of $11.44 billion, a P/E ratio of 8.76, a P/E/G ratio of 1.04 and a beta of 1.59. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.01 and a current ratio of 1.01.

KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. The firm had revenue of $491.50 million for the quarter, compared to the consensus estimate of $401.39 million. As a group, sell-side analysts forecast that KKR & Co Inc will post 1.92 earnings per share for the current fiscal year.

About KKR & Co Inc

KKR & Co L.P. 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, and middle market investments.

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Analyst Recommendations for KKR & Co Inc (NYSE:KKR)

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