KKR & Co. Inc. (NYSE:KKR) Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 292.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,972 shares of the asset manager’s stock after acquiring an additional 102,098 shares during the period. Cibc World Market Inc.’s holdings in KKR & Co. Inc. were worth $20,260,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings 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 last quarter. Wellington Management Group LLP increased its position in shares of 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 in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of 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 buying an additional 124,257 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 worth $1,768,788,000 after buying an additional 355,837 shares in the last quarter. Finally, FMR LLC boosted 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 buying an additional 165,631 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.1 %

Shares of NYSE KKR opened at $167.04 on Friday. The stock has a market capitalization of $148.37 billion, a PE ratio of 50.77, a P/E/G ratio of 0.95 and a beta of 1.66. 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 has a fifty day moving average of $154.40 and a 200-day moving average of $137.77. KKR & Co. Inc. has a 52-week low of $85.19 and a 52-week high of $170.40.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research reports. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the company from $153.00 to $173.00 in a research note on Thursday. Barclays raised their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. TD Cowen upped their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.86.

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.