Grange Capital LLC Invests $1.11 Million in KKR & Co. Inc. (NYSE:KKR)

Grange Capital LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,470 shares of the asset manager’s stock, valued at approximately $1,105,000. KKR & Co. Inc. makes up about 1.2% of Grange Capital LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors have also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. lifted its position in KKR & Co. Inc. by 13.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after acquiring an additional 89 shares during the period. Thrivent Financial for Lutherans lifted its position in KKR & Co. Inc. by 183.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 68,704 shares of the asset manager’s stock worth $7,230,000 after acquiring an additional 44,496 shares during the period. Evergreen Capital Management LLC lifted its position in KKR & Co. Inc. by 6.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,997 shares of the asset manager’s stock worth $315,000 after acquiring an additional 181 shares during the period. Insigneo Advisory Services LLC acquired a new stake in KKR & Co. Inc. during the 2nd quarter worth about $420,000. Finally, AXA S.A. lifted its position in KKR & Co. Inc. by 180.6% during the 2nd quarter. AXA S.A. now owns 15,243 shares of the asset manager’s stock worth $1,604,000 after acquiring an additional 9,810 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on KKR shares. Oppenheimer lifted their price target 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. Barclays lifted their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Wells Fargo & Company reduced their price objective on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, JMP Securities lifted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $165.46 on Friday. The stock has a 50 day moving average of $153.16 and a two-hundred day moving average of $135.77. KKR & Co. Inc. has a 12 month low of $83.37 and a 12 month high of $165.83. The firm has a market cap of $146.96 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 0.93 and a beta of 1.66. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. On average, analysts expect that KKR & Co. Inc. will post 4.13 earnings per share 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.