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

Highland Capital Management LLC trimmed its stake in KKR & Co. Inc. (NYSE:KKR) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $27,000. Raleigh Capital Management Inc. boosted its stake 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 in the last quarter. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter worth about $31,000. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the third quarter worth about $34,000. Finally, Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR opened at $167.00 on Friday. The company has a market capitalization of $148.34 billion, a price-to-earnings ratio of 50.76, a P/E/G ratio of 0.93 and a beta of 1.66. The business’s 50-day moving average price is $154.22 and its two-hundred day moving average price is $137.56. KKR & Co. Inc. has a 1 year low of $85.19 and a 1 year high of $170.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

Analyst Ratings Changes

Several research firms have recently commented on KKR. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Keefe, Bruyette & Woods cut their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group lifted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Evercore ISI increased their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.86.

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.