Beach Investment Counsel Inc. PA Sells 16,300 Shares of KKR & Co. Inc. (NYSE:KKR)

Beach Investment Counsel Inc. PA reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 25.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,100 shares of the asset manager’s stock after selling 16,300 shares during the period. KKR & Co. Inc. accounts for 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc increased its stake in KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after purchasing an additional 1,759 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock worth $7,559,000 after acquiring an additional 4,719 shares in the last quarter. Whalen Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $667,000. Caldwell Investment Management Ltd. increased its position in shares of KKR & Co. Inc. by 2.9% during the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock worth $31,477,000 after acquiring an additional 5,900 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of KKR & Co. Inc. by 42.1% during the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock worth $1,976,000 after acquiring an additional 4,481 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on KKR. Barclays boosted their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group boosted their target price on shares of 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.86.

KKR & Co. Inc. Price Performance

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

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. Equities research analysts expect that KKR & Co. Inc. will post 4.12 EPS for the current 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.