Simon Quick Advisors LLC Boosts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Simon Quick Advisors LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,817 shares of the asset manager’s stock after buying an additional 360 shares during the quarter. Simon Quick Advisors LLC’s holdings in KKR & Co. Inc. were worth $417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KKR. APG Asset Management N.V. purchased a new stake in KKR & Co. Inc. during the 2nd quarter valued at $154,468,000. Assenagon Asset Management S.A. raised its stake in shares of KKR & Co. Inc. by 3,757.3% during 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 raised its stake in shares of KKR & Co. Inc. by 1,181.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock valued at $71,038,000 after acquiring an additional 501,579 shares during the last quarter. State Street Corp boosted its holdings in shares of KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares during the period. Finally, Geode Capital Management LLC increased its holdings 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 period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KKR shares. The Goldman Sachs Group upped their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI raised their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company cut 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. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Finally, JMP Securities lifted 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $165.33 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $146.85 billion, a P/E ratio of 50.25, a P/E/G ratio of 0.92 and a beta of 1.66. The business’s 50 day moving average price is $152.86 and its 200-day moving average price is $135.56. KKR & Co. Inc. has a 52 week low of $83.01 and a 52 week high of $165.43.

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

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.