Avior Wealth Management LLC Raises Position in KKR & Co. Inc. (NYSE:KKR)

Avior Wealth Management LLC grew its position in KKR & Co. Inc. (NYSE:KKR) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,119 shares of the asset manager’s stock after buying an additional 506 shares during the period. Avior Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,201,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KKR. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. in the third quarter worth about $31,000. Raleigh Capital Management Inc. raised its holdings 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 worth $31,000 after buying an additional 85 shares during the last quarter. Eastern Bank purchased a new position in KKR & Co. Inc. in the third quarter worth about $34,000. Truvestments Capital LLC purchased a new position in KKR & Co. Inc. in the third quarter worth about $40,000. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. in the fourth quarter worth about $45,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR opened at $165.46 on Friday. The firm 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. KKR & Co. Inc. has a 1-year low of $83.37 and a 1-year high of $165.83. The company has a 50 day simple moving average of $153.16 and a two-hundred day simple moving average of $135.77. 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. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $0.73 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KKR. Morgan Stanley boosted their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price 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.