Atomi Financial Group Inc. Increases Holdings in KKR & Co. Inc. (NYSE:KKR)

Atomi Financial Group Inc. grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.8% during the fourth quarter, HoldingsChannel reports. The fund owned 5,031 shares of the asset manager’s stock after purchasing an additional 449 shares during the period. Atomi Financial Group Inc.’s holdings in KKR & Co. Inc. were worth $744,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KKR. APG Asset Management N.V. acquired a new position in KKR & Co. Inc. in the second quarter valued at $154,468,000. Assenagon Asset Management S.A. lifted its holdings in shares of KKR & Co. Inc. by 3,757.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock valued at $72,199,000 after purchasing an additional 538,573 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of KKR & Co. Inc. by 1,181.9% in the 3rd 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 last quarter. State Street Corp boosted its position in shares of KKR & Co. Inc. by 1.8% in 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 purchasing an additional 481,686 shares during the period. Finally, Geode Capital Management LLC grew its stake in KKR & Co. Inc. by 2.7% during 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 buying an additional 355,837 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KKR shares. The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup increased 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 note on Friday, October 25th. Evercore ISI upped their target price 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. TD Cowen increased their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company dropped their price target on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $161.58 on Thursday. 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 one year low of $83.01 and a one year high of $163.68. The firm has a market capitalization of $143.52 billion, a P/E ratio of 49.11, a PEG ratio of 0.90 and a beta of 1.66. The company’s fifty day moving average is $152.68 and its two-hundred day moving average is $135.38.

KKR & Co. Inc. (NYSE:KKR) last released 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. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Analysts forecast that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

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.