Highland Capital Management LLC Sells 189 Shares of KKR & Co. Inc. (NYSE:KKR)

Highland Capital Management LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 11,253 shares of the asset manager’s stock after selling 189 shares during the period. Highland Capital Management LLC’s holdings in KKR & Co. Inc. were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Raleigh Capital Management Inc. grew its stake 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. ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter worth about $31,000. Eastern Bank bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Finally, Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $45,000. 76.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on KKR. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays boosted 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. Oppenheimer increased their price target 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. Wells Fargo & Company cut their target price on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $160.86.

KKR & Co. Inc. Price Performance

KKR stock opened at $167.00 on Friday. The company has a market capitalization of $148.34 billion, a P/E ratio of 50.76, a PEG ratio of 0.93 and a beta of 1.66. The company has a fifty day moving average price of $154.22 and a 200-day moving average price of $137.56. 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. has a 52-week low of $85.19 and a 52-week high of $170.16.

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.