BOCHK Asset Management Ltd Buys Shares of 52,000 KKR & Co. Inc. (NYSE:KKR)

BOCHK Asset Management Ltd bought a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 52,000 shares of the asset manager’s stock, valued at approximately $7,691,000. KKR & Co. Inc. comprises approximately 2.4% of BOCHK Asset Management Ltd’s portfolio, making the stock its 20th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in KKR. Assenagon Asset Management S.A. lifted its stake in KKR & Co. Inc. by 3,757.3% in the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock valued at $72,199,000 after acquiring an additional 538,573 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of KKR & Co. Inc. by 1,181.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after buying an additional 501,579 shares during the last quarter. State Street Corp lifted its stake in shares of KKR & Co. Inc. by 1.8% in the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after buying an additional 481,686 shares during the last quarter. Geode Capital Management LLC raised its stake in KKR & Co. Inc. by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after purchasing an additional 355,837 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in KKR & Co. Inc. by 11,197.2% during the 3rd quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after purchasing an additional 339,946 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. JMP Securities upped their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Citigroup boosted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company lowered 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 report on Tuesday, January 14th. Morgan Stanley boosted their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Stock Up 3.7 %

Shares of NYSE KKR opened at $167.11 on Wednesday. The firm’s 50-day simple moving average is $153.64 and its 200 day simple moving average is $136.96. The company has a market cap of $148.43 billion, a price-to-earnings ratio of 50.79, a price-to-earnings-growth ratio of 0.93 and a beta of 1.66. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $85.19 and a 12-month high of $167.50.

KKR & Co. Inc. 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.