Hodges Capital Management Inc. Sells 308 Shares of KKR & Co. Inc. (NYSE:KKR)

Hodges Capital Management Inc. lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,200 shares of the asset manager’s stock after selling 308 shares during the period. Hodges Capital Management Inc.’s holdings in KKR & Co. Inc. were worth $473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. raised its holdings in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the period. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the third quarter worth $31,000. Finally, Eastern Bank acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $34,000. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of research analyst reports. Barclays boosted their target price 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. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.86.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $163.00 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $87.28 and a twelve month high of $170.40. The company has a fifty day moving average of $154.57 and a 200-day moving average of $138.45. The firm has a market capitalization of $144.78 billion, a P/E ratio of 49.54, a P/E/G ratio of 0.96 and a beta of 1.67.

KKR & Co. Inc. 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.