Ingalls & Snyder LLC decreased its holdings in KKR & Co Inc (NYSE:KKR) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,296 shares of the asset manager’s stock after selling 1,548 shares during the period. Ingalls & Snyder LLC’s holdings in KKR & Co Inc were worth $2,138,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in KKR. Griffin Asset Management Inc. acquired a new stake in KKR & Co Inc during the second quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in KKR & Co Inc during the third quarter worth approximately $30,000. Hoey Investments Inc. acquired a new stake in KKR & Co Inc during the fourth quarter worth approximately $36,000. Captrust Financial Advisors boosted its holdings in shares of KKR & Co Inc by 53.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,401 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 487 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC acquired a new stake in shares of KKR & Co Inc in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 77.93% of the company’s stock.
A number of equities research analysts have weighed in on the company. Barclays reaffirmed a “hold” rating and issued a $31.00 target price on shares of KKR & Co Inc in a report on Wednesday, December 11th. Jefferies Financial Group began coverage on KKR & Co Inc in a report on Wednesday. They set a “buy” rating and a $36.00 price objective on the stock. Goldman Sachs Group raised their price objective on KKR & Co Inc from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Bank of America raised KKR & Co Inc from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Monday, September 23rd. Finally, JMP Securities downgraded KKR & Co Inc from an “outperform” rating to a “market perform” rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.00.
NYSE KKR opened at $29.53 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.90. KKR & Co Inc has a twelve month low of $21.64 and a twelve month high of $30.30. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 2.83 and a beta of 1.66. The business’s fifty day moving average is $29.32 and its 200 day moving average is $27.55.
KKR & Co Inc (NYSE:KKR) last announced its earnings results on Tuesday, October 29th. The asset manager reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The company had revenue of $445.90 million for the quarter, compared to the consensus estimate of $456.46 million. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. On average, research analysts anticipate that KKR & Co Inc will post 1.66 earnings per share for the current fiscal year.
In related news, major shareholder Fund Holdings L.P. Kkr bought 155,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $16.00 per share, with a total value of $2,480,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.34% of the stock is owned by company insiders.
KKR & Co Inc Company Profile
KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.
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