Grange Capital LLC Purchases New Stake in KKR & Co. Inc. (NYSE:KKR)

Grange Capital LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,470 shares of the asset manager’s stock, valued at approximately $1,105,000. KKR & Co. Inc. comprises about 1.2% of Grange Capital LLC’s investment portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AdvisorNet Financial Inc grew its position in KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock worth $322,000 after acquiring an additional 1,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock worth $7,559,000 after acquiring an additional 4,719 shares during the period. Caldwell Investment Management Ltd. grew its position in KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager’s stock worth $31,477,000 after acquiring an additional 5,900 shares during the period. OneDigital Investment Advisors LLC grew its position in KKR & Co. Inc. by 42.1% in the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock worth $1,976,000 after acquiring an additional 4,481 shares during the period. Finally, Sanctuary Advisors LLC grew its position in KKR & Co. Inc. by 31.1% in the third quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager’s stock worth $12,110,000 after acquiring an additional 22,007 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.1 %

KKR & Co. Inc. stock opened at $165.46 on Friday. KKR & Co. Inc. has a 1-year low of $83.37 and a 1-year high of $165.83. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $146.96 billion, a PE ratio of 50.29, a P/E/G ratio of 0.93 and a beta of 1.66. The stock’s fifty day moving average is $153.16 and its two-hundred day moving average is $135.77.

KKR & Co. Inc. (NYSE:KKR) last posted 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 company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $0.73 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KKR. JMP Securities increased their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group raised their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods lowered their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Oppenheimer raised their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Barclays raised their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has an average 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.