Whalen Wealth Management Inc. Makes New $667,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Whalen Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,510 shares of the asset manager’s stock, valued at approximately $667,000.

Other hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in KKR & Co. Inc. during the third quarter worth $31,000. Raleigh Capital Management Inc. raised its stake in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares during the last quarter. Eastern Bank purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $34,000. Truvestments Capital LLC acquired a new position in KKR & Co. Inc. during the third quarter worth about $40,000. Finally, Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $45,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $161.58 on Thursday. KKR & Co. Inc. has a 52 week low of $83.01 and a 52 week high of $163.68. The company has a market cap of $143.52 billion, a PE ratio of 49.11, a P/E/G ratio of 0.92 and a beta of 1.66. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $152.68 and its 200-day simple moving average is $135.38.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KKR shares. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley boosted their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.07.

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.