KKR & Co. Inc. (NYSE:KKR) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 20.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,288 shares of the asset manager’s stock after selling 834 shares during the period. New Century Financial Group LLC’s holdings in KKR & Co. Inc. were worth $500,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its stake in KKR & Co. Inc. by 36.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,909 shares of the asset manager’s stock valued at $727,000 after acquiring an additional 1,841 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of KKR & Co. Inc. by 13.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 89 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of KKR & Co. Inc. by 183.8% during the second quarter. Thrivent Financial for Lutherans now owns 68,704 shares of the asset manager’s stock worth $7,230,000 after purchasing an additional 44,496 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the second quarter worth approximately $238,000. Finally, Evergreen Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. by 6.4% during the second quarter. Evergreen Capital Management LLC now owns 2,997 shares of the asset manager’s stock worth $315,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company dropped 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 note on Tuesday, January 14th. Morgan Stanley raised 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 report on Thursday, October 10th. TD Cowen lifted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Stock Performance

KKR opened at $165.33 on Friday. KKR & Co. Inc. has a 1-year low of $83.01 and a 1-year high of $165.43. The stock has a market cap of $146.85 billion, a P/E ratio of 50.25, a P/E/G ratio of 0.93 and a beta of 1.66. The stock’s 50 day simple moving average is $152.86 and its 200 day simple moving average is $135.56. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.23 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. As a group, equities analysts anticipate 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.