Stonegate Investment Group LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

Stonegate Investment Group LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,427 shares of the asset manager’s stock, valued at approximately $211,000.

Several other hedge funds have also made changes to their positions in the company. Ballentine Partners LLC boosted its position in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after purchasing an additional 70 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after purchasing an additional 73 shares during the period. Dudley Capital Management LLC boosted its position in shares of KKR & Co. Inc. by 2.7% during the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock worth $404,000 after purchasing an additional 80 shares during the period. FWG Holdings LLC boosted its position in shares of KKR & Co. Inc. by 1.6% during the 3rd quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock worth $717,000 after purchasing an additional 80 shares during the period. Finally, Sigma Planning Corp boosted its position in shares of KKR & Co. Inc. by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock worth $847,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced 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 report on Monday, January 13th. Wells Fargo & Company reduced their target price on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Morgan Stanley increased their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, Oppenheimer increased their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Trading Down 0.3 %

KKR opened at $166.49 on Thursday. KKR & Co. Inc. has a one year low of $85.19 and a one year high of $170.16. The company has a market cap of $147.88 billion, a P/E ratio of 50.60, a PEG ratio of 0.93 and a beta of 1.66. 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 business’s 50-day simple moving average is $153.93 and its 200-day simple moving average is $137.36.

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.