Montecito Bank & Trust Acquires 173 Shares of KKR & Co. Inc. (NYSE:KKR)

Montecito Bank & Trust grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,946 shares of the asset manager’s stock after purchasing an additional 173 shares during the period. Montecito Bank & Trust’s holdings in KKR & Co. Inc. were worth $288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KKR. Red Door Wealth Management LLC raised its position in KKR & Co. Inc. by 1.9% in the 4th quarter. Red Door Wealth Management LLC now owns 5,241 shares of the asset manager’s stock valued at $775,000 after buying an additional 97 shares during the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $667,000. Avior Wealth Management LLC raised its holdings in shares of KKR & Co. Inc. by 6.6% in the fourth quarter. Avior Wealth Management LLC now owns 8,119 shares of the asset manager’s stock valued at $1,201,000 after purchasing an additional 506 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of KKR & Co. Inc. by 15.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 123,299 shares of the asset manager’s stock valued at $18,237,000 after purchasing an additional 16,811 shares in the last quarter. Finally, XML Financial LLC boosted its holdings in KKR & Co. Inc. by 6.0% during the fourth quarter. XML Financial LLC now owns 4,007 shares of the asset manager’s stock worth $593,000 after purchasing an additional 228 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 0.1 %

Shares of KKR stock opened at $165.46 on Friday. The stock has a market capitalization of $146.96 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 0.93 and a beta of 1.66. The company’s fifty day simple moving average is $153.16 and its two-hundred day simple moving average is $135.77. KKR & Co. Inc. has a 1 year low of $83.37 and a 1 year high of $165.83. 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 released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $0.73 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on KKR. TD Cowen lifted 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 report on Friday, October 25th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. JMP Securities raised their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup raised their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

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.