KKR & Co. Inc. (NYSE:KKR) Lowered to "Market Perform" Rating by Citizens Jmp

KKR & Co. Inc. (NYSE:KKR - Get Free Report) was downgraded by analysts at Citizens Jmp from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Monday, MarketBeat.com reports.

Several other equities research analysts also recently issued reports on KKR. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday. Bank of America dropped their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, Piper Sandler assumed coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

KKR & Co. Inc. Trading Down 1.7%

Shares of KKR & Co. Inc. stock traded down $2.36 during trading hours on Monday, hitting $137.07. The company's stock had a trading volume of 2,671,624 shares, compared to its average volume of 4,234,324. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The stock has a 50 day moving average of $126.52 and a 200 day moving average of $128.25. The company has a market capitalization of $122.08 billion, a PE ratio of 57.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The company's revenue for the quarter was down 67.8% compared to the same quarter last year. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the transaction, the chairman directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the transaction, the chairman owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. This represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in KKR & Co. Inc. by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock valued at $6,654,245,000 after acquiring an additional 870,176 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. Geode Capital Management LLC raised its holdings in KKR & Co. Inc. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock valued at $2,073,624,000 after acquiring an additional 458,048 shares in the last quarter. FMR LLC raised its holdings in KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after acquiring an additional 752,056 shares in the last quarter. Finally, Norges Bank acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $1,435,314,000. 76.26% of the stock is currently owned by institutional investors.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.