KKR & Co Inc (NYSE:KKR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $27.00 price objective on the asset manager’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.13% from the company’s current price.
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. “
Several other analysts also recently commented on the stock. Morgan Stanley set a $22.00 price objective on shares of KKR & Co Inc and gave the company a “hold” rating in a research report on Friday, January 4th. Goldman Sachs Group downgraded shares of KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a research report on Friday, January 4th. Finally, Citigroup decreased their price objective on shares of KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, December 19th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. KKR & Co Inc presently has a consensus rating of “Buy” and a consensus target price of $30.03.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Friday, February 1st. The asset manager reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. The firm had revenue of $541.58 million for the quarter, compared to the consensus estimate of $489.48 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.86%. During the same period last year, the firm earned $0.45 EPS. On average, equities analysts forecast that KKR & Co Inc will post 1.78 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in KKR. Wells Fargo & Company MN increased its holdings in KKR & Co Inc by 5.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,313,907 shares of the asset manager’s stock valued at $35,830,000 after acquiring an additional 67,877 shares during the last quarter. AXA bought a new stake in KKR & Co Inc in the 3rd quarter valued at $27,270,000. Bank of New York Mellon Corp increased its holdings in KKR & Co Inc by 1,985.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 383,630 shares of the asset manager’s stock valued at $10,462,000 after acquiring an additional 365,232 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in KKR & Co Inc in the 3rd quarter valued at $3,855,000. Finally, CI Investments Inc. increased its holdings in KKR & Co Inc by 79.3% in the 3rd quarter. CI Investments Inc. now owns 1,401,900 shares of the asset manager’s stock valued at $38,230,000 after acquiring an additional 619,900 shares during the last quarter. Institutional investors own 72.81% of the company’s stock.
KKR & Co Inc Company Profile
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, lower middle market and middle market investments.
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