Mediolanum International Funds Ltd Invests $23.74 Million in KKR & Co. Inc. (NYSE:KKR)

Mediolanum International Funds Ltd purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 160,367 shares of the asset manager’s stock, valued at approximately $23,738,000.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its holdings in KKR & Co. Inc. by 67.3% during the second quarter. AQR Capital Management LLC now owns 31,947 shares of the asset manager’s stock valued at $3,362,000 after purchasing an additional 12,856 shares during the last quarter. Creative Planning lifted its stake in shares of KKR & Co. Inc. by 14.3% in the second quarter. Creative Planning now owns 60,163 shares of the asset manager’s stock worth $6,332,000 after buying an additional 7,505 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in KKR & Co. Inc. by 6.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 44,822 shares of the asset manager’s stock valued at $4,717,000 after buying an additional 2,873 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in KKR & Co. Inc. by 3.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 4,291 shares of the asset manager’s stock worth $452,000 after acquiring an additional 129 shares during the period. Finally, Cetera Investment Advisers raised its holdings in KKR & Co. Inc. by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 89,160 shares of the asset manager’s stock worth $9,383,000 after acquiring an additional 5,309 shares during the period. 76.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen upped their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. JMP Securities raised their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI upped their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Wells Fargo & Company dropped their target price on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $160.86.

KKR & Co. Inc. Trading Up 0.4 %

Shares of KKR stock opened at $167.00 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a fifty day moving average of $154.22 and a 200-day moving average of $137.56. KKR & Co. Inc. has a 52-week low of $85.19 and a 52-week high of $170.16. The stock has a market cap of $148.34 billion, a price-to-earnings ratio of 50.76, a P/E/G ratio of 0.95 and a beta of 1.66.

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.