KBC Group NV Lowers Position in KKR & Co. Inc. (NYSE:KKR)

KBC Group NV lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,855 shares of the asset manager’s stock after selling 15,412 shares during the quarter. KBC Group NV’s holdings in KKR & Co. Inc. were worth $18,024,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of KKR. AXA S.A. boosted its holdings 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 last quarter. AQR Capital Management LLC lifted its position in shares of KKR & Co. Inc. by 67.3% during the second quarter. AQR Capital Management LLC now owns 31,947 shares of the asset manager’s stock valued at $3,362,000 after purchasing an additional 12,856 shares in the last quarter. Mackenzie Financial Corp grew its position in KKR & Co. Inc. by 58.8% in the 2nd quarter. Mackenzie Financial Corp now owns 62,344 shares of the asset manager’s stock worth $6,561,000 after purchasing an additional 23,080 shares in the last quarter. Creative Planning increased its stake in KKR & Co. Inc. by 14.3% in the 2nd quarter. Creative Planning now owns 60,163 shares of the asset manager’s stock valued at $6,332,000 after buying an additional 7,505 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of KKR & Co. Inc. by 6.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 44,822 shares of the asset manager’s stock worth $4,717,000 after buying an additional 2,873 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on KKR. Evercore ISI upped their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Barclays raised their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. One equities 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $167.11 on Wednesday. The business’s fifty day moving average is $153.64 and its 200 day moving average is $136.96. The firm has a market cap of $148.43 billion, a price-to-earnings ratio of 50.79, a PEG ratio of 0.93 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $85.19 and a 52-week high of $167.50.

KKR & Co. Inc. Company 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.