KKR & Co. Inc. (NYSE:KKR) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

KKR & Co. Inc. (NYSE:KKR) posted its quarterly earnings data on Friday. The asset manager reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11, Briefing.com reports. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted $1.38 earnings per share.

KKR & Co. Inc. Stock Performance

KKR traded up $2.23 during trading on Friday, reaching $121.54. 9,116,174 shares of the company’s stock were exchanged, compared to its average volume of 4,695,051. The company has a market capitalization of $108.28 billion, a P/E ratio of 56.53, a PEG ratio of 1.33 and a beta of 1.92. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $129.87 and a 200 day moving average price of $130.87. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

Institutional Trading of KKR & Co. Inc.

Several institutional investors have recently made changes to their positions in KKR. Riggs Asset Managment Co. Inc. raised its position in KKR & Co. Inc. by 32.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 493 shares of the asset manager’s stock worth $66,000 after purchasing an additional 122 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in KKR & Co. Inc. by 1.6% during the second quarter. IHT Wealth Management LLC now owns 12,813 shares of the asset manager’s stock valued at $1,705,000 after purchasing an additional 202 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 237 shares during the period. Glenview Trust co raised its holdings in shares of KKR & Co. Inc. by 4.2% in the 2nd quarter. Glenview Trust co now owns 6,740 shares of the asset manager’s stock worth $897,000 after buying an additional 271 shares in the last quarter. Finally, Visionary Wealth Advisors raised its holdings in shares of KKR & Co. Inc. by 4.5% in the 2nd quarter. Visionary Wealth Advisors now owns 7,180 shares of the asset manager’s stock worth $955,000 after buying an additional 311 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KKR shares. Morgan Stanley lowered their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Wells Fargo & Company upped 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, July 11th. Keefe, Bruyette & Woods raised their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Citigroup dropped their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.27.

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.