KKR & Co. Inc. (NYSE:KKR) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its position in KKR & Co. Inc. (NYSE:KKR) by 55.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,153 shares of the asset manager’s stock after acquiring an additional 2,562 shares during the quarter. Blue Trust Inc.’s holdings in KKR & Co. Inc. were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KKR. ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $31,000. Raleigh Capital Management Inc. boosted its stake in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares in the last quarter. Eastern Bank acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $34,000. Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $40,000. Finally, Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $45,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 3.7 %

KKR opened at $167.11 on Wednesday. KKR & Co. Inc. has a fifty-two week low of $85.19 and a fifty-two week high of $167.50. 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 company has a fifty day moving average of $153.64 and a two-hundred day moving average of $136.96. The stock has a market capitalization of $148.43 billion, a price-to-earnings ratio of 50.79, a PEG ratio of 0.93 and a beta of 1.66.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KKR. The Goldman Sachs Group lifted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI lifted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley lifted their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. TD Cowen lifted their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $159.07.

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.