KKR & Co Inc (NYSE:KKR) Cut to Market Perform at JMP Securities

JMP Securities downgraded shares of KKR & Co Inc (NYSE:KKR) from an outperform rating to a market perform rating in a research note issued to investors on Monday morning, BenzingaRatingsTable reports.

A number of other brokerages have also recently commented on KKR. ValuEngine cut shares of KKR & Co Inc from a buy rating to a hold rating in a report on Thursday, October 10th. Bank of America raised shares of KKR & Co Inc from a neutral rating to a buy rating and set a $33.00 price target for the company in a report on Monday, September 23rd. Wells Fargo & Co increased their price target on shares of KKR & Co Inc from $33.00 to $36.00 and gave the stock an overweight rating in a report on Thursday, December 19th. BMO Capital Markets began coverage on shares of KKR & Co Inc in a report on Monday, October 7th. They set an outperform rating and a $40.00 price target for the company. Finally, Barclays reissued a hold rating and set a $31.00 price target on shares of KKR & Co Inc in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $34.00.

Shares of NYSE:KKR opened at $29.53 on Monday. The company has a 50-day simple moving average of $29.32 and a 200-day simple moving average of $27.55. KKR & Co Inc has a one year low of $21.64 and a one year high of $30.30. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 2.83 and a beta of 1.66.

KKR & Co Inc (NYSE:KKR) last announced its earnings results on Tuesday, October 29th. The asset manager reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $445.90 million during the quarter, compared to analysts’ expectations of $456.46 million. During the same period in the previous year, the company posted $0.60 earnings per share. KKR & Co Inc’s quarterly revenue was down 11.5% on a year-over-year basis. As a group, research analysts forecast that KKR & Co Inc will post 1.66 EPS for the current fiscal year.

In other news, major shareholder Fund Holdings L.P. Kkr purchased 155,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost of $16.00 per share, with a total value of $2,480,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 39.34% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors grew its position in KKR & Co Inc by 53.3% during the second quarter. Captrust Financial Advisors now owns 1,401 shares of the asset manager’s stock worth $35,000 after buying an additional 487 shares during the period. Diversified Trust Co grew its position in KKR & Co Inc by 3.0% during the third quarter. Diversified Trust Co now owns 17,306 shares of the asset manager’s stock worth $465,000 after buying an additional 500 shares during the period. Stelac Advisory Services LLC grew its position in KKR & Co Inc by 4.5% during the third quarter. Stelac Advisory Services LLC now owns 13,688 shares of the asset manager’s stock worth $368,000 after buying an additional 588 shares during the period. First Mercantile Trust Co. grew its position in KKR & Co Inc by 1.1% during the third quarter. First Mercantile Trust Co. now owns 67,122 shares of the asset manager’s stock worth $1,803,000 after buying an additional 749 shares during the period. Finally, Usca Ria LLC grew its position in KKR & Co Inc by 11.9% during the third quarter. Usca Ria LLC now owns 9,400 shares of the asset manager’s stock worth $252,000 after buying an additional 1,000 shares during the period. Institutional investors own 77.93% of the company’s stock.

About KKR & Co Inc

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, lower middle market and middle market investments.

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