Nisa Investment Advisors LLC Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Nisa Investment Advisors LLC grew its position in KKR & Co. Inc. (NYSE:KKR) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 69,154 shares of the asset manager’s stock after purchasing an additional 1,527 shares during the period. Nisa Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $10,229,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KKR. APG Asset Management N.V. acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth $154,468,000. Assenagon Asset Management S.A. boosted its holdings in 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 in the last quarter. Allspring Global Investments Holdings LLC boosted 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 worth $71,038,000 after acquiring an additional 501,579 shares in the last quarter. State Street Corp grew its stake in shares of KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after acquiring an additional 481,686 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 2.4 %

Shares of KKR & Co. Inc. stock opened at $165.33 on Friday. 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’s 50 day simple moving average is $152.86 and its 200-day simple moving average is $135.56. The stock has a market cap of $146.85 billion, a P/E ratio of 50.25, a P/E/G ratio of 0.92 and a beta of 1.66. KKR & Co. Inc. has a 1-year low of $83.01 and a 1-year high of $165.43.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter last year, the business posted $0.73 earnings per share. Analysts predict that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KKR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. TD Cowen upped their target price on 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 lifted their price target on 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, Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. 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.