MassMutual Private Wealth & Trust FSB Buys 199 Shares of KKR & Co. Inc. (NYSE:KKR)

MassMutual Private Wealth & Trust FSB boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,110 shares of the asset manager’s stock after purchasing an additional 199 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in KKR & Co. Inc. were worth $164,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KKR. Vanguard Personalized Indexing Management LLC boosted its position in KKR & Co. Inc. by 36.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,909 shares of the asset manager’s stock worth $727,000 after purchasing an additional 1,841 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position 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 purchasing an additional 89 shares during the period. Thrivent Financial for Lutherans boosted its position in KKR & Co. Inc. by 183.8% during the second quarter. Thrivent Financial for Lutherans now owns 68,704 shares of the asset manager’s stock worth $7,230,000 after purchasing an additional 44,496 shares during the period. Frank Rimerman Advisors LLC bought a new stake in KKR & Co. Inc. during the second quarter worth approximately $238,000. Finally, Evergreen Capital Management LLC boosted its position 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 worth $315,000 after purchasing an additional 181 shares during the period. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the subject of a number of research analyst reports. JMP Securities upped their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. The Goldman Sachs Group upped their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup upped their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company cut their price target on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Evercore ISI upped their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $161.58 on Thursday. The business’s fifty day moving average price is $152.68 and its two-hundred day moving average price is $135.38. KKR & Co. Inc. has a fifty-two week low of $83.01 and a fifty-two week high of $163.68. The stock has a market capitalization of $143.52 billion, a price-to-earnings ratio of 49.11, a price-to-earnings-growth ratio of 0.90 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 announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating 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 firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

KKR & Co. Inc. 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.