KKR & Co. Inc. (NYSE:KKR) Stock Rating Upgraded by HSBC

KKR & Co. Inc. (NYSE:KKR) was upgraded by research analysts at HSBC from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat.com reports. The firm presently has a $144.00 target price on the asset manager’s stock. HSBC’s price target would indicate a potential upside of 25.30% from the company’s current price.

A number of other equities analysts have also commented on the company. 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 note on Tuesday, October 21st. Citigroup lowered their target price 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. Barclays reduced their price target on shares of KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 21st. Finally, UBS Group dropped their price objective on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. Stock Performance

KKR opened at $114.93 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $102.44 billion, a price-to-earnings ratio of 48.70, a PEG ratio of 1.01 and a beta of 1.99. The company has a fifty day moving average of $128.27 and a 200 day moving average of $131.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Institutional Trading of KKR & Co. Inc.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ESL Trust Services LLC bought a new position in shares of KKR & Co. Inc. during the third quarter valued at approximately $26,000. Asset Dedication LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter valued at $26,000. GGM Financials LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter valued at $27,000. Clearstead Trust LLC bought a new position in KKR & Co. Inc. in the 2nd quarter valued at $28,000. Finally, Richardson Financial Services Inc. increased its stake in KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

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.