Mediolanum International Funds Ltd Invests $23.74 Million in KKR & Co. Inc. (NYSE:KKR)

Mediolanum International Funds Ltd acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 160,367 shares of the asset manager’s stock, valued at approximately $23,738,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $30,000. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth $31,000. Raleigh Capital Management Inc. grew its position in KKR & Co. Inc. by 56.7% in the 3rd 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. Finally, Eastern Bank bought a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.4 %

Shares of KKR & Co. Inc. stock opened at $167.00 on Friday. The firm has a market cap of $148.34 billion, a price-to-earnings ratio of 50.76, a P/E/G ratio of 0.95 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. has a 52-week low of $85.19 and a 52-week high of $170.16. The stock has a 50-day simple moving average of $154.22 and a 200-day simple moving average of $137.56.

Analyst Ratings Changes

KKR has been the topic of a number of research reports. Barclays boosted their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JMP Securities raised 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. Morgan Stanley increased their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.86.

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.