Beach Investment Counsel Inc. PA Reduces Stock Position in KKR & Co. Inc. (NYSE:KKR)

Beach Investment Counsel Inc. PA lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 25.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 47,100 shares of the asset manager’s stock after selling 16,300 shares during the quarter. KKR & Co. Inc. accounts for about 0.9% of Beach Investment Counsel Inc. PA’s holdings, making the stock its 29th biggest holding. Beach Investment Counsel Inc. PA’s holdings in KKR & Co. Inc. were worth $6,967,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KKR. AQR Capital Management LLC boosted its position in KKR & Co. Inc. by 67.3% during the 2nd quarter. AQR Capital Management LLC now owns 31,947 shares of the asset manager’s stock valued at $3,362,000 after buying an additional 12,856 shares during the period. Cetera Investment Advisers lifted its position in shares of KKR & Co. Inc. by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 89,160 shares of the asset manager’s stock worth $9,383,000 after purchasing an additional 5,309 shares during the period. Czech National Bank lifted its position in shares of KKR & Co. Inc. by 8.4% in the 3rd quarter. Czech National Bank now owns 137,387 shares of the asset manager’s stock worth $17,940,000 after purchasing an additional 10,607 shares during the period. Park Avenue Securities LLC lifted its position in shares of KKR & Co. Inc. by 6.7% in the 3rd quarter. Park Avenue Securities LLC now owns 15,810 shares of the asset manager’s stock worth $2,064,000 after purchasing an additional 999 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of KKR & Co. Inc. by 23.1% in the 3rd quarter. GAMMA Investing LLC now owns 9,622 shares of the asset manager’s stock worth $1,256,000 after purchasing an additional 1,804 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $153.99 on Tuesday. The company has a market cap of $136.78 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 0.96 and a beta of 1.67. The firm’s fifty day moving average is $154.57 and its 200 day moving average is $138.45. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52-week low of $87.28 and a 52-week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.18). KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. Sell-side analysts forecast that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KKR. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. 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 report on Friday, October 25th. Wells Fargo & Company decreased their price objective on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.86.

KKR & Co. Inc. 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.