KKR & Co. Inc. (NYSE:KKR) Upgraded to Sell by StockNews.com

KKR & Co. Inc. (NYSE:KKR - Get Free Report) was upgraded by research analysts at StockNews.com to a "sell" rating in a research report issued on Monday.

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A number of other research analysts have also issued reports on the company. Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a research report on Thursday, September 12th. They set an "equal weight" rating and a $130.00 target price on the stock. Argus upgraded KKR & Co. Inc. to a "strong-buy" rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. Finally, HSBC started coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.93.

Read Our Latest Research Report on KKR

KKR & Co. Inc. Stock Performance

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NYSE:KKR traded down $1.92 during midday trading on Monday, hitting $131.36. The company's stock had a trading volume of 2,291,444 shares, compared to its average volume of 4,467,707. The firm has a market cap of $116.57 billion, a P/E ratio of 29.45, a P/E/G ratio of 1.11 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 $134.85. The firm's 50 day moving average is $121.95 and its 200-day moving average is $110.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter last year, the company earned $0.58 EPS. Equities analysts anticipate that KKR & Co. Inc. will post 3.99 earnings per share for the current fiscal year.

Insider Buying and Selling

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In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc boosted its holdings in KKR & Co. Inc. by 622.9% in the second 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. grew its position in shares of KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager's stock valued at $27,000 after buying an additional 208 shares during the last quarter. Riverview Trust Co acquired a new stake in KKR & Co. Inc. during the 1st quarter worth $27,000. American National Bank boosted its stake in KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager's stock valued at $37,000 after acquiring an additional 235 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in KKR & Co. Inc. in the second quarter valued at $38,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

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.

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