BOCHK Asset Management Ltd bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,000 shares of the asset manager's stock, valued at approximately $7,691,000. KKR & Co. Inc. accounts for about 2.4% of BOCHK Asset Management Ltd's holdings, making the stock its 20th biggest position.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KKR. AdvisorNet Financial Inc increased its position in shares of KKR & Co. Inc. by 417.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after buying an additional 1,759 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager's stock worth $7,559,000 after acquiring an additional 4,719 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $667,000. Caldwell Investment Management Ltd. lifted its holdings in shares of KKR & Co. Inc. by 2.9% during the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after purchasing an additional 5,900 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in shares of KKR & Co. Inc. by 42.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager's stock valued at $1,976,000 after purchasing an additional 4,481 shares during the period. Institutional investors own 76.26% of the company's stock.
Analyst Upgrades and Downgrades
KKR has been the topic of several research analyst reports. Evercore ISI raised their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Citigroup raised their price objective 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. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and upped their target price for the stock from $153.00 to $173.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.86.
Check Out Our Latest Research Report on KKR
KKR & Co. Inc. Stock Up 0.1 %
Shares of NYSE:KKR traded up $0.17 during midday trading on Friday, hitting $167.04. The stock had a trading volume of 3,400,850 shares, compared to its average volume of 3,242,581. The company has a market cap of $148.37 billion, a P/E ratio of 50.77, a PEG ratio of 0.95 and a beta of 1.66. KKR & Co. Inc. has a 12 month low of $85.19 and a 12 month high of $170.40. The business's 50-day simple moving average is $154.57 and its 200-day simple moving average is $138.28. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.
About KKR & Co. Inc.
(
Free Report)
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.
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