Avior Wealth Management LLC Buys 506 Shares of KKR & Co. Inc. (NYSE:KKR)

Avior Wealth Management LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,119 shares of the asset manager’s stock after purchasing an additional 506 shares during the period. Avior Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its stake in KKR & Co. Inc. by 13.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 89 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in KKR & Co. Inc. by 183.8% during the second quarter. Thrivent Financial for Lutherans now owns 68,704 shares of the asset manager’s stock valued at $7,230,000 after purchasing an additional 44,496 shares in the last quarter. Evergreen Capital Management LLC raised its stake in KKR & Co. Inc. by 6.4% during the second quarter. Evergreen Capital Management LLC now owns 2,997 shares of the asset manager’s stock valued at $315,000 after purchasing an additional 181 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in KKR & Co. Inc. during the second quarter valued at $420,000. Finally, AXA S.A. raised its stake in KKR & Co. Inc. by 180.6% during the second quarter. AXA S.A. now owns 15,243 shares of the asset manager’s stock valued at $1,604,000 after purchasing an additional 9,810 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.1 %

Shares of KKR & Co. Inc. stock opened at $165.46 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $83.37 and a 1 year high of $165.83. The firm’s 50-day moving average is $153.16 and its two-hundred day moving average is $135.77. The stock has a market cap of $146.96 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 0.93 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business earned $0.73 EPS. As a group, research analysts expect that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KKR shares. Wells Fargo & Company decreased their price target on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley increased their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. TD Cowen increased their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup increased their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Oppenheimer increased their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.07.

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.