KKR & Co. Inc. (NYSE:KKR) Downgraded to "Sell (D+)" Rating by Weiss Ratings

Key Points

• KKR & Co. Inc. has been downgraded by Weiss Ratings from a "hold (c-)" to a "sell (d+)" rating, reflecting negative shifts in market sentiment for the stock.
• The stock has seen a mixed response from other analysts, with price targets increasing from various firms while the overall consensus remains a "Moderate Buy" with an average target price of $157.40.
• Insider transactions include Chairman George R. Roberts selling over 809,000 shares, indicating potential concerns about the firm's future performance.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) was downgraded by analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a report released on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Citigroup upped their price objective on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. JMP Securities restated a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Finally, Piper Sandler assumed coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $157.40.

KKR & Co. Inc. Stock Performance

KKR stock opened at $124.69 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a market cap of $111.09 billion, a P/E ratio of 58.00, a P/E/G ratio of 1.36 and a beta of 1.91. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock's 50 day simple moving average is $139.41 and its 200 day simple moving average is $128.52.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the prior year, the company posted $1.09 EPS. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 39.34% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KKR. Brighton Jones LLC increased its holdings in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $218,000. Harbor Capital Advisors Inc. increased its holdings in shares of KKR & Co. Inc. by 35.6% during the 1st quarter. Harbor Capital Advisors Inc. now owns 16,517 shares of the asset manager's stock valued at $1,910,000 after acquiring an additional 4,333 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of KKR & Co. Inc. by 318.3% during the 1st quarter. SG Americas Securities LLC now owns 28,117 shares of the asset manager's stock valued at $3,251,000 after acquiring an additional 21,395 shares during the last quarter. Finally, CX Institutional bought a new stake in KKR & Co. Inc. during the 1st quarter valued at approximately $159,000. Institutional investors and hedge funds own 76.26% of the company's stock.

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.

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