Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New $299,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,023 shares of the asset manager’s stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KKR. Assenagon Asset Management S.A. raised its holdings in shares of KKR & Co. Inc. by 3,757.3% during the 3rd 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 during the period. Allspring Global Investments Holdings LLC raised its stake in KKR & Co. Inc. by 1,181.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after purchasing an additional 501,579 shares during the period. State Street Corp raised its stake in 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 purchasing an additional 481,686 shares during the period. Geode Capital Management LLC boosted its holdings in KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after purchasing an additional 355,837 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of KKR & Co. Inc. by 11,197.2% in the 3rd quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after buying an additional 339,946 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.4 %

Shares of NYSE:KKR opened at $167.00 on Friday. KKR & Co. Inc. has a fifty-two week low of $85.19 and a fifty-two week high of $170.16. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm’s 50-day simple moving average is $154.22 and its 200-day simple moving average is $137.56. The company has a market cap of $148.34 billion, a price-to-earnings ratio of 50.76, a PEG ratio of 0.93 and a beta of 1.66.

Analyst Ratings Changes

A number of research firms recently commented on KKR. Evercore ISI upped their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company lowered their price target on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $160.86.

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.