Patton Fund Management Inc. Reduces Position in KKR & Co. Inc. (NYSE:KKR)

Patton Fund Management Inc. lowered its holdings in KKR & Co. Inc. (NYSE:KKR) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,076 shares of the asset manager’s stock after selling 6,153 shares during the period. KKR & Co. Inc. makes up about 1.2% of Patton Fund Management Inc.’s holdings, making the stock its 27th biggest position. Patton Fund Management Inc.’s holdings in KKR & Co. Inc. were worth $6,223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BOCHK Asset Management Ltd purchased a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $7,691,000. Robeco Institutional Asset Management B.V. boosted its holdings 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 worth $15,087,000 after acquiring an additional 1,730 shares during the period. Stonegate Investment Group LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $211,000. VCI Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $1,613,000. Finally, Nilsine Partners LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $243,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased 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. JMP Securities boosted their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded 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 assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $167.11 on Wednesday. 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 stock has a market cap of $148.43 billion, a PE ratio of 50.79, a PEG ratio of 0.93 and a beta of 1.66. The company’s fifty day moving average is $153.64 and its 200 day moving average is $136.96. KKR & Co. Inc. has a 52 week low of $85.19 and a 52 week high of $167.50.

KKR & Co. Inc. Company 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.