Bartlett & CO. Wealth Management LLC Lowers Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Bartlett & CO. Wealth Management LLC cut its position in KKR & Co. Inc. (NYSE:KKR) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,200 shares of the asset manager’s stock after selling 800 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. XML Financial LLC lifted its holdings in KKR & Co. Inc. by 6.0% during the 4th quarter. XML Financial LLC now owns 4,007 shares of the asset manager’s stock worth $593,000 after buying an additional 228 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of KKR & Co. Inc. by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 69,154 shares of the asset manager’s stock valued at $10,229,000 after acquiring an additional 1,527 shares in the last quarter. Genesis Private Wealth LLC purchased a new position in KKR & Co. Inc. in the fourth quarter valued at $555,000. Simon Quick Advisors LLC grew its stake in KKR & Co. Inc. by 14.7% during the 4th quarter. Simon Quick Advisors LLC now owns 2,817 shares of the asset manager’s stock worth $417,000 after purchasing an additional 360 shares in the last quarter. Finally, Perfromance Wealth Partners LLC increased its holdings in KKR & Co. Inc. by 9.9% during the 4th quarter. Perfromance Wealth Partners LLC now owns 256,301 shares of the asset manager’s stock worth $37,910,000 after purchasing an additional 23,119 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $165.46 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $146.96 billion, a P/E ratio of 50.29, a PEG ratio of 0.93 and a beta of 1.66. The business has a 50 day simple moving average of $153.16 and a 200-day simple moving average of $135.77. KKR & Co. Inc. has a twelve month low of $83.37 and a twelve month high of $165.83.

KKR & Co. Inc. (NYSE:KKR) last issued 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. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the prior year, the business earned $0.73 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.13 EPS for the current year.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised 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. Citigroup boosted their target price 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 raised their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company lowered their price objective on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.