United Asset Strategies Inc. Reduces Position in KKR & Co. Inc. (NYSE:KKR)

United Asset Strategies Inc. trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,367 shares of the asset manager’s stock after selling 712 shares during the quarter. United Asset Strategies Inc.’s holdings in KKR & Co. Inc. were worth $2,421,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on KKR. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Barclays boosted their price target on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Oppenheimer boosted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley raised their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $165.46 on Monday. KKR & Co. Inc. has a 52 week low of $83.37 and a 52 week high of $165.83. The company has a 50-day moving average price of $153.47 and a 200 day moving average price of $136.40. The company has a market cap of $146.96 billion, a P/E ratio of 50.29, a PEG ratio of 0.93 and a beta of 1.66. 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. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $0.73 EPS. Research analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current 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.