Pacer Advisors Inc. Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Pacer Advisors Inc. raised its position in KKR & Co. Inc. (NYSE:KKR) by 33.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 66,577 shares of the asset manager’s stock after purchasing an additional 16,554 shares during the period. Pacer Advisors Inc.’s holdings in KKR & Co. Inc. were worth $9,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. AXA S.A. lifted its stake in shares of KKR & Co. Inc. by 180.6% in the second quarter. AXA S.A. now owns 15,243 shares of the asset manager’s stock worth $1,604,000 after buying an additional 9,810 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of KKR & Co. Inc. by 67.3% in the 2nd quarter. AQR Capital Management LLC now owns 31,947 shares of the asset manager’s stock valued at $3,362,000 after buying an additional 12,856 shares during the period. Mackenzie Financial Corp increased its holdings in shares of KKR & Co. Inc. by 58.8% during the 2nd quarter. Mackenzie Financial Corp now owns 62,344 shares of the asset manager’s stock worth $6,561,000 after buying an additional 23,080 shares during the last quarter. Creative Planning lifted its holdings in KKR & Co. Inc. by 14.3% in the second quarter. Creative Planning now owns 60,163 shares of the asset manager’s stock valued at $6,332,000 after acquiring an additional 7,505 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in KKR & Co. Inc. by 6.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 44,822 shares of the asset manager’s stock worth $4,717,000 after acquiring an additional 2,873 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Morgan Stanley upped their price target on 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. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. 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 for the company in a report on Tuesday, January 14th. Evercore ISI increased their target price 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. Finally, The Goldman Sachs Group increased their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One 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.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Trading Up 3.7 %

NYSE:KKR opened at $167.11 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 1 year low of $85.19 and a 1 year high of $167.50. The stock has a market cap of $148.43 billion, a P/E ratio of 50.79, a P/E/G ratio of 0.93 and a beta of 1.66. The stock has a 50-day simple moving average of $153.64 and a 200-day simple moving average of $136.96.

About KKR & Co. Inc.

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.