Exchange Traded Concepts LLC Buys 2,429 Shares of KKR & Co. Inc. (NYSE:KKR)

Exchange Traded Concepts LLC increased its stake in KKR & Co. Inc. (NYSE:KKR) by 38.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,703 shares of the asset manager’s stock after buying an additional 2,429 shares during the period. Exchange Traded Concepts LLC’s holdings in KKR & Co. Inc. were worth $1,287,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted 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 worth $3,486,977,000 after purchasing an additional 481,686 shares during the period. Wellington Management Group LLP lifted its holdings in KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after buying an additional 60,147 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in KKR & Co. Inc. by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after acquiring an additional 124,257 shares during the period. Geode Capital Management LLC grew its holdings 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 acquiring an additional 355,837 shares during the period. Finally, FMR LLC raised its position in shares of KKR & Co. Inc. by 1.5% in the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after acquiring an additional 165,631 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $161.18 on Tuesday. The company has a 50-day simple moving average of $153.47 and a 200 day simple moving average of $136.59. 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 52-week low of $85.19 and a 52-week high of $165.83. The company has a market capitalization of $143.17 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 0.93 and a beta of 1.66.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company cut their price target on 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. TD Cowen boosted 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. Barclays boosted their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Morgan Stanley raised their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.