KKR & Co. Inc. (NYSE:KKR) Coverage Initiated at UBS Group

Equities researchers at UBS Group started coverage on shares of KKR & Co. Inc. (NYSE:KKR) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $176.00 price target on the asset manager’s stock. UBS Group’s price target would suggest a potential upside of 28.79% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Barclays increased their price target on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Morgan Stanley dropped their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Finally, Citigroup lowered their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.79.

KKR & Co. Inc. Stock Down 4.3%

Shares of NYSE KKR opened at $136.66 on Thursday. The stock has a market cap of $121.81 billion, a PE ratio of 57.91, a price-to-earnings-growth ratio of 1.53 and a beta of 2.00. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The business has a 50-day moving average price of $122.56 and a 200 day moving average price of $131.76. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

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

Institutional Trading of KKR & Co. Inc.

Several hedge funds have recently made changes to their positions in KKR. Vanguard Group Inc. boosted its stake in KKR & Co. Inc. by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 59,242,848 shares of the asset manager’s stock valued at $7,698,608,000 after purchasing an additional 585,893 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in KKR & Co. Inc. by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock valued at $2,640,275,000 after purchasing an additional 765,457 shares during the last quarter. Norges Bank bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth $1,530,419,000. Lone Pine Capital LLC boosted its position in shares of KKR & Co. Inc. by 9.6% in the 2nd quarter. Lone Pine Capital LLC now owns 5,221,769 shares of the asset manager’s stock valued at $694,652,000 after purchasing an additional 457,998 shares during the period. Finally, Legal & General Group Plc increased its position in shares of KKR & Co. Inc. by 1.4% in the third quarter. Legal & General Group Plc now owns 4,642,005 shares of the asset manager’s stock worth $603,229,000 after acquiring an additional 65,695 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.