Morgan Stanley Upgrades KKR & Co. Inc. (NYSE:KKR) to "Overweight"

KKR & Co. Inc. (NYSE:KKR - Get Free Report) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research report issued to clients and investors on Wednesday,Finviz reports. The firm currently has a $150.00 target price on the asset manager's stock. Morgan Stanley's price target would indicate a potential upside of 18.21% from the company's previous close.

Several other equities research analysts have also recently weighed in on KKR. TD Cowen decreased their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Citigroup dropped their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $149.14.

KKR & Co. Inc. Stock Up 1.3%

Shares of KKR opened at $126.89 on Wednesday. The company's 50-day moving average price is $111.32 and its 200 day moving average price is $135.92. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm has a market cap of $112.71 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the business posted $0.97 EPS. KKR & Co. Inc.'s revenue for the quarter was down 67.8% on a year-over-year basis. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Scully acquired 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the acquisition, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company's stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of the stock. McIlrath & Eck LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $26,000. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $30,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $31,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $34,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Company Profile

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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