KKR & Co Inc (KKR) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of KKR & Co Inc (NYSE:KKR) from a sell rating to a hold rating in a research report sent to investors on Tuesday.
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. “
A number of other equities research analysts have also issued reports on KKR. Oppenheimer set a $29.00 target price on KKR & Co Inc and gave the stock a buy rating in a research report on Tuesday, July 10th. Wells Fargo & Co boosted their target price on KKR & Co Inc from $25.00 to $30.00 and gave the stock an outperform rating in a research report on Tuesday, July 10th. Citigroup boosted their target price on KKR & Co Inc from $28.00 to $31.00 and gave the stock a buy rating in a research report on Tuesday, July 10th. Morgan Stanley boosted their target price on KKR & Co Inc from $25.00 to $27.00 and gave the stock an equal weight rating in a research report on Thursday, July 12th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a $32.00 target price on shares of KKR & Co Inc in a research report on Friday, July 27th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. KKR & Co Inc has an average rating of Buy and an average price target of $30.45.
KKR & Co Inc (NYSE:KKR) last announced its earnings results on Thursday, July 26th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $398.00 million for the quarter, compared to analyst estimates of $391.74 million. KKR & Co Inc had a return on equity of 7.34% and a net margin of 39.10%. KKR & Co Inc’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 earnings per share. Equities research analysts predict that KKR & Co Inc will post 1.65 EPS for the current fiscal year.
In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr purchased 14,132 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were purchased at an average cost of $15.93 per share, with a total value of $225,122.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 130,656 shares of company stock worth $1,914,185 and have sold 15,225,220 shares worth $533,613,038.
A number of large investors have recently bought and sold shares of KKR. Rockefeller Capital Management L.P. purchased a new position in KKR & Co Inc in the second quarter valued at about $102,000. Thompson Siegel & Walmsley LLC purchased a new position in KKR & Co Inc in the second quarter valued at about $137,000. First American Trust FSB purchased a new position in KKR & Co Inc in the second quarter valued at about $205,000. Moloney Securities Asset Management LLC purchased a new position in KKR & Co Inc in the second quarter valued at about $213,000. Finally, BB&T Securities LLC purchased a new position in KKR & Co Inc in the second quarter valued at about $247,000. 62.37% of the stock is currently owned by hedge funds and other institutional investors.
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, and middle market investments.
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