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

SG Americas Securities LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 81.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Assenagon Asset Management S.A. raised its stake in KKR & Co. Inc. by 3,757.3% in the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock valued at $72,199,000 after buying an additional 538,573 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of KKR & Co. Inc. by 1,181.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after acquiring an additional 501,579 shares in the last quarter. State Street Corp lifted its stake in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares during the last quarter. Geode Capital Management LLC boosted its holdings in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after purchasing an additional 355,837 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in KKR & Co. Inc. by 11,197.2% in the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock valued at $44,787,000 after purchasing an additional 339,946 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on KKR shares. TD Cowen upped their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays upped their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Citigroup upped their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Stock Up 3.7 %

KKR stock opened at $167.11 on Wednesday. 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 stock has a market capitalization of $148.43 billion, a PE ratio of 50.79, a price-to-earnings-growth ratio of 0.93 and a beta of 1.66. KKR & Co. Inc. has a one year low of $85.19 and a one year high of $167.50. The company has a fifty day moving average of $153.64 and a 200-day moving average of $136.96.

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.