KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,031 shares of the asset manager’s stock after purchasing an additional 449 shares during the quarter. Atomi Financial Group Inc.’s holdings in KKR & Co. Inc. were worth $744,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. boosted its position in shares of 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 acquiring an additional 85 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. during the third quarter worth about $31,000. Eastern Bank acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $45,000. Finally, Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 0.5 %

KKR opened at $161.58 on Thursday. The business has a fifty day moving average price of $152.68 and a 200 day moving average price of $135.38. 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. has a 12 month low of $83.01 and a 12 month high of $163.68. The stock has a market capitalization of $143.52 billion, a price-to-earnings ratio of 49.11, a PEG ratio of 0.90 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the firm earned $0.73 earnings per share. Sell-side analysts expect 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 the company. Morgan Stanley increased their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI increased 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 note on Monday, October 14th. Keefe, Bruyette & Woods reduced their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

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.