Patton Fund Management Inc. Decreases Stake in KKR & Co. Inc. (NYSE:KKR)

Patton Fund Management Inc. lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 12.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 42,076 shares of the asset manager’s stock after selling 6,153 shares during the quarter. KKR & Co. Inc. comprises approximately 1.2% of Patton Fund Management Inc.’s holdings, making the stock its 27th largest holding. Patton Fund Management Inc.’s holdings in KKR & Co. Inc. were worth $6,223,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BOCHK Asset Management Ltd bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $7,691,000. Robeco Institutional Asset Management B.V. increased its position in shares of KKR & Co. Inc. by 1.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 102,000 shares of the asset manager’s stock valued at $15,087,000 after acquiring an additional 1,730 shares during the period. Stonegate Investment Group LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $211,000. VCI Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $1,613,000. Finally, Nilsine Partners LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $243,000. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of several research analyst reports. JMP Securities increased their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company reduced their price target on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $167.11 on Wednesday. KKR & Co. Inc. has a twelve month low of $85.19 and a twelve month high of $167.50. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $148.43 billion, a P/E ratio of 50.79, a PEG ratio of 0.93 and a beta of 1.66. The stock’s 50 day moving average is $153.64 and its 200 day moving average is $136.96.

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.