KKR & Co. Inc. (NYSE:KKR) Rating Increased to Strong-Buy at Hsbc Global Res

KKR & Co. Inc. (NYSE:KKR) was upgraded by Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on KKR. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target for the company. UBS Group reduced their price objective on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Barclays lowered their target price on shares of KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Wednesday. Finally, Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.57.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $116.72 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $104.04 billion, a price-to-earnings ratio of 49.46, a price-to-earnings-growth ratio of 1.00 and a beta of 1.99. The stock’s 50-day moving average is $128.26 and its two-hundred day moving average is $132.11. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the company posted $1.38 earnings per share. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

Institutional Trading of KKR & Co. Inc.

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

KKR & Co. Inc. Company Profile

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.