Wesbanco Bank Inc. Sells 85 Shares of KKR & Co. Inc. (NYSE:KKR)

Wesbanco Bank Inc. lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,612 shares of the asset manager’s stock after selling 85 shares during the quarter. Wesbanco Bank Inc.’s holdings in KKR & Co. Inc. were worth $3,640,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KKR. APG Asset Management N.V. purchased a new stake in KKR & Co. Inc. during the 2nd quarter worth about $154,468,000. Assenagon Asset Management S.A. grew its position in 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 acquiring an additional 538,573 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of KKR & Co. Inc. by 1,181.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after buying an additional 501,579 shares during the last quarter. State Street Corp grew its position in shares of KKR & Co. Inc. by 1.8% in the 3rd 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 last quarter. Finally, Geode Capital Management LLC lifted its stake 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 valued at $1,768,788,000 after purchasing an additional 355,837 shares during the period. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on KKR. TD Cowen lifted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley upped their price objective 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. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their price objective on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $161.58 on Thursday. The firm has a fifty day moving average price of $152.68 and a two-hundred day moving average price of $135.38. The company has a market cap of $143.52 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 0.92 and a beta of 1.66. KKR & Co. Inc. has a fifty-two week low of $83.01 and a fifty-two week high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company earned $0.73 EPS. Analysts expect that KKR & Co. Inc. will post 4.13 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.