KKR & Co. Inc. (NYSE:KKR) Stock Position Reduced by Buffington Mohr McNeal

Buffington Mohr McNeal lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 116,605 shares of the asset manager’s stock after selling 533 shares during the quarter. KKR & Co. Inc. comprises approximately 2.9% of Buffington Mohr McNeal’s holdings, making the stock its 7th largest position. Buffington Mohr McNeal’s holdings in KKR & Co. Inc. were worth $17,247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KKR. AXA S.A. lifted its position in KKR & Co. Inc. by 180.6% in the second quarter. AXA S.A. now owns 15,243 shares of the asset manager’s stock valued at $1,604,000 after buying an additional 9,810 shares during the last quarter. AQR Capital Management LLC grew its position in KKR & Co. Inc. by 67.3% in the 2nd quarter. AQR Capital Management LLC now owns 31,947 shares of the asset manager’s stock valued at $3,362,000 after acquiring an additional 12,856 shares in the last quarter. Mackenzie Financial Corp increased its stake in KKR & Co. Inc. by 58.8% during the second quarter. Mackenzie Financial Corp now owns 62,344 shares of the asset manager’s stock worth $6,561,000 after purchasing an additional 23,080 shares during the period. Driehaus Capital Management LLC lifted its position in shares of KKR & Co. Inc. by 25.2% during the second quarter. Driehaus Capital Management LLC now owns 12,187 shares of the asset manager’s stock worth $1,283,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of KKR & Co. Inc. by 14.3% in the second quarter. Creative Planning now owns 60,163 shares of the asset manager’s stock valued at $6,332,000 after purchasing an additional 7,505 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $161.18 on Tuesday. The business’s 50-day moving average price is $153.47 and its 200 day moving average price is $136.59. 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 firm has a market cap of $143.17 billion, a P/E ratio of 48.99, a P/E/G ratio of 0.93 and a beta of 1.66. KKR & Co. Inc. has a 52-week low of $85.19 and a 52-week high of $165.83.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KKR shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company reduced their price target on 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. JMP Securities lifted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods cut their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.07.

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.