Tokio Marine Asset Management Co. Ltd. Boosts Position in KKR & Co. Inc. (NYSE:KKR)

Tokio Marine Asset Management Co. Ltd. grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,184 shares of the asset manager’s stock after acquiring an additional 541 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in KKR & Co. Inc. were worth $2,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KKR. Assenagon Asset Management S.A. raised its position in shares of KKR & Co. Inc. by 3,757.3% in the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after acquiring an additional 538,573 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in KKR & Co. Inc. by 1,181.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock valued at $71,038,000 after purchasing an additional 501,579 shares during the period. State Street Corp lifted its position in shares of KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after buying an additional 481,686 shares in the last quarter. Geode Capital Management LLC increased its holdings in KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after acquiring an additional 355,837 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in KKR & Co. Inc. by 11,197.2% during the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock worth $44,787,000 after acquiring an additional 339,946 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $167.04 on Monday. The firm’s 50 day moving average price is $154.57 and its 200 day moving average price is $138.28. 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. has a fifty-two week low of $85.19 and a fifty-two week high of $170.40. The company has a market cap of $148.37 billion, a P/E ratio of 50.77, a PEG ratio of 0.95 and a beta of 1.66.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup upped their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. TD Cowen increased their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.