KKR & Co. Inc. (NYSE:KKR) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. cut its position in shares of KKR & Co. Inc. (NYSE:KKR) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,200 shares of the asset manager’s stock after selling 308 shares during the quarter. Hodges Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $473,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. during the fourth quarter worth $30,000. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter worth $31,000. Raleigh Capital Management Inc. lifted its position in shares of KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of KKR & Co. Inc. during the third quarter valued at $34,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $163.00 on Tuesday. KKR & Co. Inc. has a fifty-two week low of $87.28 and a fifty-two week high of $170.40. The stock’s 50-day moving average is $154.57 and its two-hundred day moving average is $138.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $144.78 billion, a P/E ratio of 49.54, a PEG ratio of 0.96 and a beta of 1.67.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KKR shares. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, 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 note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.86.

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.