Parkside Investments LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

Parkside Investments LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,421 shares of the asset manager’s stock, valued at approximately $210,000.

Several other hedge funds have also added to or reduced their stakes in the business. AXA S.A. lifted its holdings in shares of KKR & Co. Inc. by 180.6% during the second quarter. AXA S.A. now owns 15,243 shares of the asset manager’s stock worth $1,604,000 after purchasing an additional 9,810 shares during the period. AQR Capital Management LLC raised its position in KKR & Co. Inc. by 67.3% during the 2nd quarter. AQR Capital Management LLC now owns 31,947 shares of the asset manager’s stock worth $3,362,000 after purchasing an additional 12,856 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in 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 period. Driehaus Capital Management LLC grew its position in shares of KKR & Co. Inc. by 25.2% in the 2nd quarter. Driehaus Capital Management LLC now owns 12,187 shares of the asset manager’s stock valued at $1,283,000 after buying an additional 2,450 shares during the last quarter. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at about $3,958,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KKR shares. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Citigroup raised their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley upped their price objective on shares of 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. Evercore ISI lifted their target price on shares of 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, Keefe, Bruyette & Woods cut their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Stock Up 0.1 %

Shares of NYSE:KKR opened at $165.46 on Monday. 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 52-week low of $83.37 and a 52-week high of $165.83. The business’s 50 day simple moving average is $153.47 and its two-hundred day simple moving average is $136.40. The firm has a market cap of $146.96 billion, a P/E ratio of 50.29, a PEG ratio of 0.93 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business earned $0.73 EPS. As a group, research analysts forecast that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

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.