KKR & Co Inc (NYSE:KKR) was the recipient of a large increase in short interest during the month of September. As of September 28th, there was short interest totalling 18,770,293 shares, an increase of 87.7% from the September 14th total of 9,999,073 shares. Based on an average trading volume of 11,556,287 shares, the days-to-cover ratio is presently 1.6 days. Approximately 3.9% of the company’s shares are sold short.

KKR has been the topic of a number of research reports. Zacks Investment Research upgraded shares of KKR & Co Inc from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 19th. Citigroup increased their target price on shares of KKR & Co Inc from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 target price on shares of KKR & Co Inc in a report on Friday, July 27th. Bank of America lowered shares of KKR & Co Inc from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a report on Wednesday. Finally, JMP Securities increased their target price on shares of KKR & Co Inc from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, July 10th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. KKR & Co Inc currently has a consensus rating of “Buy” and a consensus target price of $30.45.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 1,742,007 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $38.26, for a total transaction of $66,649,187.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders bought 130,656 shares of company stock worth $1,914,185 and sold 15,225,220 shares worth $533,613,038.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Private Capital Advisors Inc. acquired a new stake in shares of KKR & Co Inc in the 3rd quarter valued at $1,255,000. Bank of Montreal Can acquired a new stake in shares of KKR & Co Inc in the 3rd quarter valued at $65,683,000. North Star Investment Management Corp. raised its holdings in shares of KKR & Co Inc by 1.2% in the 3rd quarter. North Star Investment Management Corp. now owns 279,306 shares of the asset manager’s stock valued at $7,617,000 after purchasing an additional 3,297 shares in the last quarter. Curbstone Financial Management Corp acquired a new stake in shares of KKR & Co Inc in the 3rd quarter valued at $2,349,000. Finally, DNB Asset Management AS acquired a new stake in shares of KKR & Co Inc in the 3rd quarter valued at $5,412,000. Institutional investors and hedge funds own 62.37% of the company’s stock.

Shares of KKR opened at $24.49 on Friday. KKR & Co Inc has a twelve month low of $18.74 and a twelve month high of $28.73. The firm has a market capitalization of $14.31 billion, a PE ratio of 10.29, a PEG ratio of 1.41 and a beta of 1.61. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87.

KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. KKR & Co Inc had a net margin of 39.10% and a return on equity of 7.34%. The business had revenue of $398.00 million for the quarter, compared to analyst estimates of $391.74 million. During the same period last year, the business earned $0.81 EPS. The company’s revenue was up 4.2% on a year-over-year basis. Equities analysts expect that KKR & Co Inc will post 1.65 EPS for the current 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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