Whalen Wealth Management Inc. Buys Shares of 4,510 KKR & Co. Inc. (NYSE:KKR)

Whalen Wealth Management Inc. purchased a new position in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,510 shares of the asset manager’s stock, valued at approximately $667,000.

Other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after buying an additional 481,686 shares during the period. Wellington Management Group LLP increased its stake in shares of KKR & Co. Inc. by 0.3% during the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after acquiring an additional 60,147 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after purchasing an additional 124,257 shares in the last quarter. Geode Capital Management LLC lifted its position in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after purchasing an additional 355,837 shares during the period. Finally, FMR LLC boosted its stake in KKR & Co. Inc. by 1.5% during the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after purchasing an additional 165,631 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.5 %

KKR stock opened at $161.58 on Thursday. The company has a 50 day moving average of $152.68 and a two-hundred day moving average of $135.38. The company has a market cap of $143.52 billion, a price-to-earnings ratio of 49.11, a PEG ratio of 0.92 and a beta of 1.66. KKR & Co. Inc. has a 12-month low of $83.01 and a 12-month high of $163.68. 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. (NYSE:KKR) last issued 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 firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, equities analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on KKR shares. Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Citigroup lifted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JMP Securities increased their target price on shares of 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. Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group boosted their target price on 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, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Company 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.