KKR & Co Inc (NYSE:KKR) Sets New 1-Year High at $30.32

Shares of KKR & Co Inc (NYSE:KKR) reached a new 52-week high during trading on Thursday . The company traded as high as $30.32 and last traded at $30.27, with a volume of 58180 shares. The stock had previously closed at $29.53.

KKR has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of KKR & Co Inc in a report on Wednesday. They set a “buy” rating and a $36.00 target price for the company. Wells Fargo & Co upped their price target on shares of KKR & Co Inc from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. ValuEngine cut shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Barclays reiterated a “hold” rating and issued a $31.00 price target on shares of KKR & Co Inc in a report on Wednesday, December 11th. Finally, Goldman Sachs Group upped their price target on shares of KKR & Co Inc from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.00.

The company’s fifty day moving average is $29.32 and its 200 day moving average is $27.55. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.83 and a beta of 1.66. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.90.

KKR & Co Inc (NYSE:KKR) last announced its earnings results on Tuesday, October 29th. The asset manager reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The business had revenue of $445.90 million for the quarter, compared to analyst estimates of $456.46 million. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. On average, equities research analysts forecast that KKR & Co Inc will post 1.66 EPS for the current fiscal year.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr bought 155,000 shares of KKR & Co Inc stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of $16.00 per share, for a total transaction of $2,480,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 39.34% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its holdings in KKR & Co Inc by 15.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,710,941 shares of the asset manager’s stock worth $422,285,000 after purchasing an additional 2,207,161 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of KKR & Co Inc by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 45,670,770 shares of the asset manager’s stock valued at $1,154,100,000 after acquiring an additional 1,895,309 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of KKR & Co Inc by 23.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 8,980,808 shares of the asset manager’s stock valued at $241,135,000 after acquiring an additional 1,733,387 shares in the last quarter. Invesco Ltd. increased its stake in shares of KKR & Co Inc by 35.2% in the 2nd quarter. Invesco Ltd. now owns 4,102,481 shares of the asset manager’s stock valued at $103,670,000 after acquiring an additional 1,067,234 shares in the last quarter. Finally, First Manhattan Co. increased its stake in shares of KKR & Co Inc by 11.9% in the 2nd quarter. First Manhattan Co. now owns 6,308,286 shares of the asset manager’s stock valued at $159,410,000 after acquiring an additional 670,935 shares in the last quarter. Institutional investors and hedge funds own 77.93% of the company’s stock.

KKR & Co Inc Company Profile (NYSE:KKR)

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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