Golden State Equity Partners Boosts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Golden State Equity Partners boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,331 shares of the asset manager’s stock after purchasing an additional 719 shares during the quarter. Golden State Equity Partners’ holdings in KKR & Co. Inc. were worth $788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its position in shares of KKR & Co. Inc. by 3,757.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after acquiring an additional 538,573 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of KKR & Co. Inc. by 1,181.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after acquiring an additional 501,579 shares in the last quarter. State Street Corp grew its position in shares of KKR & Co. Inc. by 1.8% in the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after acquiring an additional 481,686 shares in the last quarter. Geode Capital Management LLC grew its position in shares of KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after acquiring an additional 355,837 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of KKR & Co. Inc. by 11,197.2% in the 3rd quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock worth $44,787,000 after acquiring an additional 339,946 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 0.1 %

Shares of KKR stock opened at $167.04 on Monday. 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. has a 1 year low of $85.19 and a 1 year high of $170.40. The stock has a fifty day moving average of $154.57 and a two-hundred day moving average of $138.28. The firm has a market capitalization of $148.37 billion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KKR. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a research report on Thursday. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, JMP Securities boosted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has 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 $160.86.

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.