Fifth Third Bancorp Lowers Holdings in KKR & Co. Inc. (NYSE:KKR)

Fifth Third Bancorp lowered its holdings in KKR & Co. Inc. (NYSE:KKR) by 3.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 36,923 shares of the asset manager’s stock after selling 1,258 shares during the period. Fifth Third Bancorp’s holdings in KKR & Co. Inc. were worth $5,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its position 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 purchasing an additional 538,573 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in KKR & Co. Inc. by 1,181.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock valued at $71,038,000 after buying an additional 501,579 shares during the last quarter. State Street Corp boosted 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 buying an additional 481,686 shares during the period. Geode Capital Management LLC increased its position in shares of KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares during the last quarter. Finally, International Assets Investment Management LLC raised 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 acquiring an additional 339,946 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KKR. Evercore ISI increased their price objective 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. Oppenheimer raised their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Citigroup boosted their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays raised their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, JMP Securities boosted their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $165.46 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $153.47 and a 200-day simple moving average of $136.40. The stock has a market cap of $146.96 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 0.93 and a beta of 1.66. KKR & Co. Inc. has a 12-month low of $83.37 and a 12-month high of $165.83.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.73 earnings per share. Equities analysts expect that KKR & Co. Inc. will post 4.13 EPS for the current fiscal 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.