KKR & Co. Inc. (NYSE:KKR) Upgraded at HSBC

HSBC upgraded shares of KKR & Co. Inc. (NYSE:KKR) from a hold rating to a buy rating in a research note released on Wednesday, MarketBeat reports. The firm currently has $144.00 price target on the asset manager’s stock.

Other equities analysts have also recently issued reports about the company. Weiss Ratings cut KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 21st. UBS Group reduced their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective on the stock. Citigroup reduced their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. Stock Down 0.6%

KKR & Co. Inc. stock opened at $114.31 on Wednesday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm has a 50 day simple moving average of $128.18 and a 200 day simple moving average of $131.82. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $101.89 billion, a price-to-earnings ratio of 48.44, a P/E/G ratio of 0.99 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted $1.38 EPS. On average, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were paid a dividend of $0.185 per share. The ex-dividend date was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is currently 31.36%.

Institutional Investors Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sigma Planning Corp increased its holdings in KKR & Co. Inc. by 6.8% during the fourth quarter. Sigma Planning Corp now owns 4,345 shares of the asset manager’s stock valued at $554,000 after buying an additional 275 shares during the last quarter. US Bancorp DE raised its holdings in KKR & Co. Inc. by 8.8% during the fourth quarter. US Bancorp DE now owns 64,171 shares of the asset manager’s stock valued at $8,181,000 after acquiring an additional 5,211 shares during the period. Simplicity Wealth LLC lifted its holdings in KKR & Co. Inc. by 30.8% in the 4th quarter. Simplicity Wealth LLC now owns 2,448 shares of the asset manager’s stock worth $312,000 after purchasing an additional 576 shares in the last quarter. SOL Capital Management CO lifted its holdings in shares of KKR & Co. Inc. by 3.0% in the fourth quarter. SOL Capital Management CO now owns 159,083 shares of the asset manager’s stock worth $20,280,000 after buying an additional 4,583 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its stake in KKR & Co. Inc. by 1.1% in the 4th quarter. Strategic Blueprint LLC now owns 53,249 shares of the asset manager’s stock worth $6,788,000 after purchasing an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.