KKR & Co. Inc. (NYSE:KKR) Upgraded by BMO Capital Markets to Strong-Buy Rating

KKR & Co. Inc. (NYSE:KKR) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Barclays lifted their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. JMP Securities reaffirmed a “market perform” rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Finally, Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an “overweight” rating and a $150.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.40.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $127.51 on Thursday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a market capitalization of $113.60 billion, a price-to-earnings ratio of 59.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.91. The firm has a 50-day simple moving average of $140.96 and a 200-day simple moving average of $128.34. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Aaron Wealth Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 5.2% in the third quarter. Aaron Wealth Advisors LLC now owns 4,213 shares of the asset manager’s stock valued at $547,000 after purchasing an additional 207 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of KKR & Co. Inc. by 15.6% in the third quarter. GAMMA Investing LLC now owns 14,927 shares of the asset manager’s stock valued at $1,940,000 after purchasing an additional 2,019 shares in the last quarter. Canal Capital Management LLC acquired a new position in shares of KKR & Co. Inc. in the second quarter valued at approximately $5,638,000. Valeo Financial Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 14.0% in the second quarter. Valeo Financial Advisors LLC now owns 8,066 shares of the asset manager’s stock valued at $1,073,000 after purchasing an additional 990 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in KKR & Co. Inc. by 13.4% in the second quarter. Osaic Holdings Inc. now owns 108,511 shares of the asset manager’s stock worth $14,325,000 after acquiring an additional 12,815 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.