First Horizon Advisors Inc. Trims Stock Position in KKR & Co. Inc. $KKR

First Horizon Advisors Inc. decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 13.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,518 shares of the asset manager’s stock after selling 542 shares during the quarter. First Horizon Advisors Inc.’s holdings in KKR & Co. Inc. were worth $468,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in KKR. Vanguard Group Inc. boosted its position in shares of KKR & Co. Inc. by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock valued at $6,654,245,000 after purchasing an additional 870,176 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in KKR & Co. Inc. by 14.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after buying an additional 2,391,434 shares during the last quarter. Nuveen LLC acquired a new stake in shares of KKR & Co. Inc. in the first quarter valued at approximately $844,137,000. Amundi grew its position in shares of KKR & Co. Inc. by 114.2% during the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock worth $507,972,000 after acquiring an additional 4,306,290 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 1.9%

Shares of NYSE:KKR opened at $121.54 on Friday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm’s 50-day simple moving average is $129.87 and its 200-day simple moving average is $130.67. The company has a market cap of $108.28 billion, a price-to-earnings ratio of 56.53, a PEG ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm earned $1.38 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. Barclays lifted their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Citizens Jmp cut KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Finally, Citigroup reduced their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $157.27.

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.