Simon Quick Advisors LLC Purchases 360 Shares of KKR & Co. Inc. (NYSE:KKR)

Simon Quick Advisors LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,817 shares of the asset manager’s stock after buying an additional 360 shares during the period. Simon Quick Advisors LLC’s holdings in KKR & Co. Inc. were worth $417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of KKR & Co. Inc. by 36.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,909 shares of the asset manager’s stock valued at $727,000 after purchasing an additional 1,841 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in KKR & Co. Inc. by 13.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after buying an additional 89 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in KKR & Co. Inc. by 183.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 68,704 shares of the asset manager’s stock valued at $7,230,000 after acquiring an additional 44,496 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at about $238,000. Finally, Evergreen Capital Management LLC grew its stake in shares of KKR & Co. Inc. by 6.4% in the second quarter. Evergreen Capital Management LLC now owns 2,997 shares of the asset manager’s stock worth $315,000 after acquiring an additional 181 shares during the period. 76.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KKR shares. JMP Securities increased their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Citigroup lifted 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. Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, TD Cowen raised their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $165.33 on Friday. The stock has a 50-day moving average price of $152.86 and a 200 day moving average price of $135.56. The stock has a market capitalization 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. KKR & Co. Inc. has a 12-month low of $83.01 and a 12-month high of $165.43. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $0.73 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

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.