Lantz Financial LLC Reduces Stock Position in KKR & Co. Inc. (NYSE:KKR)

Lantz Financial LLC lowered its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,936 shares of the asset manager’s stock after selling 186 shares during the quarter. Lantz Financial LLC’s holdings in KKR & Co. Inc. were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. boosted its stake in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after acquiring an additional 89 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of KKR & Co. Inc. by 183.8% in the second quarter. Thrivent Financial for Lutherans now owns 68,704 shares of the asset manager’s stock worth $7,230,000 after buying an additional 44,496 shares during the period. Evergreen Capital Management LLC lifted its position in shares of KKR & Co. Inc. by 6.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,997 shares of the asset manager’s stock valued at $315,000 after buying an additional 181 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in KKR & Co. Inc. in the 2nd quarter worth approximately $420,000. Finally, AXA S.A. raised its stake in KKR & Co. Inc. by 180.6% during the 2nd quarter. AXA S.A. now owns 15,243 shares of the asset manager’s stock worth $1,604,000 after acquiring an additional 9,810 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $165.46 on Friday. The company has a market cap of $146.96 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 0.93 and a beta of 1.66. KKR & Co. Inc. has a 1 year low of $83.37 and a 1 year high of $165.83. The stock’s 50 day simple moving average is $153.16 and its two-hundred day simple moving average is $135.77. 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, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.73 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KKR. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. JMP Securities upped 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. 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 research note on Tuesday, January 14th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, TD Cowen increased their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.