Berbice Capital Management LLC Buys New Shares in KKR & Co. Inc. (NYSE:KKR)

Berbice Capital Management LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, HoldingsChannel reports. The fund purchased 1,700 shares of the asset manager’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. increased its stake in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Eastern Bank bought a new stake in shares of KKR & Co. Inc. in the third quarter worth approximately $34,000. Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. in the third quarter worth approximately $40,000. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $45,000. 76.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KKR. JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Citigroup boosted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen upped their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Price Performance

KKR stock opened at $165.59 on Friday. The company has a market capitalization of $147.08 billion, a PE ratio of 50.27, a P/E/G ratio of 0.93 and a beta of 1.66. The stock’s 50 day moving average is $152.86 and its two-hundred day moving average is $135.56. 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. has a 52-week low of $83.37 and a 52-week high of $166.01.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping 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 company 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 firm posted $0.73 EPS. Analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

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.