52,000 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 52,000 shares of the asset manager’s stock, valued at approximately $7,691,000. KKR & Co. Inc. makes up approximately 2.4% of BOCHK Asset Management Ltd’s holdings, making the stock its 20th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. lifted its position in 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 in the last quarter. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at about $31,000. Eastern Bank acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at about $34,000. Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $45,000. Finally, Truvestments Capital LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $167.11 on Wednesday. The business has a 50 day simple moving average of $153.64 and a 200 day simple moving average of $136.96. KKR & Co. Inc. has a 52-week low of $85.19 and a 52-week high of $167.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $148.43 billion, a price-to-earnings ratio of 50.79, a PEG ratio of 0.93 and a beta of 1.66.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods cut their target price 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. Finally, 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 research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.07.

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.