Total Clarity Wealth Management Inc. Trims Stake in KKR & Co. Inc. (NYSE:KKR)

Total Clarity Wealth Management Inc. reduced its position in KKR & Co. Inc. (NYSE:KKR) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,910 shares of the asset manager’s stock after selling 150 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in KKR & Co. Inc. were worth $578,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KKR. AQR Capital Management LLC increased its position in shares of KKR & Co. Inc. by 67.3% during the second quarter. AQR Capital Management LLC now owns 31,947 shares of the asset manager’s stock worth $3,362,000 after acquiring an additional 12,856 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 period. EP Wealth Advisors LLC increased its position in shares of KKR & Co. Inc. by 3.1% during the second quarter. EP Wealth Advisors LLC now owns 4,291 shares of the asset manager’s stock worth $452,000 after acquiring an additional 129 shares during the period. Cetera Investment Advisers increased its position in shares of KKR & Co. Inc. by 6.3% during the second quarter. Cetera Investment Advisers now owns 89,160 shares of the asset manager’s stock worth $9,383,000 after acquiring an additional 5,309 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of KKR & Co. Inc. during the second quarter worth approximately $7,444,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of research reports. JMP Securities raised their target price on shares of 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. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company dropped their price objective on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Barclays increased their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, TD Cowen increased their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $160.86.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $167.04 on Friday. The company has a market cap of $148.37 billion, a price-to-earnings ratio of 50.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66. KKR & Co. Inc. has a twelve month low of $85.19 and a twelve month high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average of $154.40 and a two-hundred day moving average of $137.77.

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.