Cypress Point Wealth Management LLC Cuts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Cypress Point Wealth Management LLC cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,325 shares of the asset manager’s stock after selling 165 shares during the quarter. Cypress Point Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $344,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Grange Capital LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth $1,105,000. Exchange Traded Concepts LLC boosted its holdings in shares of KKR & Co. Inc. by 38.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,703 shares of the asset manager’s stock valued at $1,287,000 after purchasing an additional 2,429 shares during the last quarter. Berbice Capital Management LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $251,000. Brighton Jones LLC grew its position in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after purchasing an additional 2,437 shares in the last quarter. Finally, Montecito Bank & Trust increased its holdings in shares of KKR & Co. Inc. by 9.8% in the fourth quarter. Montecito Bank & Trust now owns 1,946 shares of the asset manager’s stock worth $288,000 after purchasing an additional 173 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of research reports. Barclays increased their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley increased their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company reduced their price target on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. TD Cowen upped their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Stock Up 0.1 %

Shares of NYSE KKR opened at $165.46 on Friday. The stock has a 50 day moving average price of $153.47 and a 200 day moving average price of $136.19. The firm has a market capitalization of $146.96 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 0.93 and a beta of 1.66. KKR & Co. Inc. has a 52-week low of $83.37 and a 52-week high of $165.83. 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. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the prior year, the company earned $0.73 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

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.