Zacks Investment Research Lowers KKR & Co Inc (KKR) to Sell

KKR & Co Inc (NYSE:KKR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “KKR & Co. Inc. operates as an investment firm. The Company manages investments such as private equity, energy, infrastructure, real estate, credit strategies and hedge funds. KKR & Co. Inc., formerly known as KKR & Co. L.P., is based in New York. “

Several other analysts have also issued reports on KKR. Citigroup reduced their price objective on shares of KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th. Oppenheimer set a $35.00 price objective on shares of KKR & Co Inc and gave the company a “buy” rating in a report on Wednesday, September 26th. Goldman Sachs Group lowered shares of KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a report on Friday, January 4th. Deutsche Bank reduced their price objective on shares of KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, October 11th. Finally, ValuEngine lowered shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday, November 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $29.49.

Shares of NYSE KKR traded down $0.23 during trading on Wednesday, hitting $20.89. 51,730 shares of the company were exchanged, compared to its average volume of 4,298,727. KKR & Co Inc has a 12-month low of $18.30 and a 12-month high of $28.73. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.82. The firm has a market cap of $11.44 billion, a PE ratio of 8.76, a P/E/G ratio of 1.04 and a beta of 1.59.

KKR & Co Inc (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. The business had revenue of $491.50 million for the quarter, compared to analyst estimates of $401.39 million. Research analysts expect that KKR & Co Inc will post 1.92 EPS for the current year.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of KKR & Co Inc stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $40.20, for a total value of $404,181,211.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moon Capital Management LLC acquired a new position in KKR & Co Inc in the 3rd quarter valued at about $2,870,000. FMR LLC grew its position in KKR & Co Inc by 4.6% in the 2nd quarter. FMR LLC now owns 27,636,830 shares of the asset manager’s stock valued at $686,775,000 after acquiring an additional 1,202,775 shares in the last quarter. Rational Advisors LLC grew its position in KKR & Co Inc by 1,574.9% in the 3rd quarter. Rational Advisors LLC now owns 81,650 shares of the asset manager’s stock valued at $2,227,000 after acquiring an additional 76,775 shares in the last quarter. Commonwealth Equity Services LLC grew its position in KKR & Co Inc by 43.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 208,338 shares of the asset manager’s stock valued at $5,681,000 after acquiring an additional 63,008 shares in the last quarter. Finally, BlackRock Inc. grew its position in KKR & Co Inc by 1,718.7% in the 3rd quarter. BlackRock Inc. now owns 11,093,462 shares of the asset manager’s stock valued at $302,519,000 after acquiring an additional 10,483,481 shares in the last quarter. 73.17% of the stock is owned by institutional investors.

KKR & Co Inc Company Profile

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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