SG Americas Securities LLC Cuts Position in KKR & Co. Inc. (NYSE:KKR)

SG Americas Securities LLC cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 81.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,722 shares of the asset manager’s stock after selling 29,573 shares during the period. SG Americas Securities LLC’s holdings in KKR & Co. Inc. were worth $994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KKR. Ballentine Partners LLC raised its position in KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after purchasing an additional 70 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after purchasing an additional 73 shares during the period. Dudley Capital Management LLC boosted its position in KKR & Co. Inc. by 2.7% during the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after acquiring an additional 80 shares in the last quarter. FWG Holdings LLC boosted its position in KKR & Co. Inc. by 1.6% during the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock valued at $717,000 after purchasing an additional 80 shares in the last quarter. Finally, Sigma Planning Corp raised its stake in shares of KKR & Co. Inc. by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock worth $847,000 after acquiring an additional 81 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KKR has been the subject of a number of recent analyst reports. TD Cowen lifted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group upped their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Barclays lifted their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Stock Performance

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

About KKR & Co. Inc.

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.