KKR & Co. Inc. (NYSE:KKR) Raised to “Strong-Buy” at Hsbc Global Res

Hsbc Global Res upgraded shares of KKR & Co. Inc. (NYSE:KKR) to a strong-buy rating in a research report released on Wednesday morning, Zacks.com reports.

Several other analysts also recently commented on the stock. Keefe, Bruyette & Woods reiterated an outperform rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. StockNews.com upgraded shares of KKR & Co. Inc. to a sell rating in a research note on Thursday, September 12th. TD Cowen boosted their target price on KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Wells Fargo & Company initiated coverage on KKR & Co. Inc. in a research report on Thursday, September 12th. They set an equal weight rating and a $130.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a buy rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of Moderate Buy and a consensus price target of $128.27.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $133.26 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50-day simple moving average is $118.86 and its 200 day simple moving average is $107.75. The stock has a market cap of $118.26 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $133.84.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $0.58 earnings per share. As a group, research analysts anticipate that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Large investors have recently modified their holdings of the company. Riverview Trust Co bought a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $27,000. Versant Capital Management Inc grew its position in shares of KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 218 shares in the last quarter. Mather Group LLC. increased its holdings in shares of KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares during the period. American National Bank raised its position in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after buying an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in KKR & Co. Inc. during the second quarter valued at $38,000. 76.26% of the stock is currently owned by institutional investors.

About KKR & Co. Inc.

KKR & Co Inc 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, lower middle market and middle market investments.