New Century Financial Group LLC Trims Holdings in KKR & Co. Inc. (NYSE:KKR)

New Century Financial Group LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 20.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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.

Several other hedge funds and other institutional investors have also modified their holdings of KKR. Red Door Wealth Management LLC grew its holdings in shares of KKR & Co. Inc. by 1.9% in the fourth quarter. Red Door Wealth Management LLC now owns 5,241 shares of the asset manager’s stock valued at $775,000 after purchasing an additional 97 shares in the last quarter. Whalen Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth $667,000. Avior Wealth Management LLC grew its stake in shares of KKR & Co. Inc. by 6.6% in the fourth quarter. Avior Wealth Management LLC now owns 8,119 shares of the asset manager’s stock worth $1,201,000 after acquiring an additional 506 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of KKR & Co. Inc. by 15.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 123,299 shares of the asset manager’s stock worth $18,237,000 after acquiring an additional 16,811 shares during the period. Finally, XML Financial LLC raised its stake in shares of KKR & Co. Inc. by 6.0% in the fourth quarter. XML Financial LLC now owns 4,007 shares of the asset manager’s stock valued at $593,000 after acquiring an additional 228 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Evercore ISI boosted their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. TD Cowen boosted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. JMP Securities lifted their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $165.33 on Friday. The company has a fifty day moving average of $152.86 and a two-hundred day moving average of $135.56. The company has a market capitalization of $146.85 billion, a PE ratio of 50.25, a P/E/G ratio of 0.93 and a beta of 1.66. KKR & Co. Inc. has a 1 year low of $83.01 and a 1 year high of $165.43. 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 announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the prior year, the firm earned $0.73 EPS. As a group, analysts expect that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

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.