Cypress Point Wealth Management LLC Sells 165 Shares of KKR & Co. Inc. (NYSE:KKR)

Cypress Point Wealth Management LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 6.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,325 shares of the asset manager’s stock after selling 165 shares during the period. Cypress Point Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its stake in KKR & Co. Inc. by 13.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after acquiring an additional 89 shares in the last quarter. Evergreen Capital Management LLC raised its stake in KKR & Co. Inc. by 6.4% during the second quarter. Evergreen Capital Management LLC now owns 2,997 shares of the asset manager’s stock valued at $315,000 after buying an additional 181 shares during the last quarter. AXA S.A. boosted its holdings in KKR & Co. Inc. by 180.6% in the second quarter. AXA S.A. now owns 15,243 shares of the asset manager’s stock worth $1,604,000 after acquiring an additional 9,810 shares in the last quarter. AQR Capital Management LLC boosted its holdings in KKR & Co. Inc. by 67.3% in the second quarter. AQR Capital Management LLC now owns 31,947 shares of the asset manager’s stock worth $3,362,000 after acquiring an additional 12,856 shares in the last quarter. Finally, Daymark Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth $821,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group raised their price target 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. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. JMP Securities increased their target price on 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. Finally, Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Trading Up 0.1 %

NYSE:KKR opened at $165.46 on Friday. KKR & Co. Inc. has a one year low of $83.37 and a one year high of $165.83. The business has a fifty day moving average price of $153.47 and a 200-day moving average price of $136.19. The firm has a market capitalization of $146.96 billion, a price-to-earnings ratio of 50.29, a price-to-earnings-growth ratio of 0.93 and a beta of 1.66. 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 released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. Sell-side analysts forecast that KKR & Co. Inc. will post 4.13 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.