Paradigm Asset Management Co. LLC Buys 2,650 Shares of KKR & Co. Inc. $KKR

Paradigm Asset Management Co. LLC increased its position in KKR & Co. Inc. (NYSE:KKR) by 50.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,854 shares of the asset manager’s stock after acquiring an additional 2,650 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in KKR & Co. Inc. were worth $1,045,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI raised its stake in KKR & Co. Inc. by 44.0% during the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock valued at $90,078,000 after purchasing an additional 237,987 shares during the period. First Interstate Bank purchased a new stake in KKR & Co. Inc. during the 2nd quarter valued at approximately $3,115,000. Aberdeen Group plc raised its position in shares of KKR & Co. Inc. by 4.1% during the second quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after buying an additional 10,960 shares during the last quarter. CWM LLC lifted its holdings in shares of KKR & Co. Inc. by 4.6% in the first quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock worth $1,039,000 after buying an additional 398 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new position in shares of KKR & Co. Inc. during the first quarter worth $463,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KKR. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. Barclays upped their price target 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. Oppenheimer dropped their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. JMP Securities restated a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. One investment 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.27.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $121.54 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average is $129.87 and its 200 day moving average is $130.67. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market capitalization 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 results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the previous year, the business earned $1.38 earnings per share. Research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

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.