RFG Advisory LLC Sells 444 Shares of KKR & Co. Inc. (NYSE:KKR)

RFG Advisory LLC lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,986 shares of the asset manager’s stock after selling 444 shares during the quarter. RFG Advisory LLC’s holdings in KKR & Co. Inc. were worth $1,921,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. grew its position in shares of KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Eastern Bank bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $34,000. Truvestments Capital LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter worth about $40,000. Finally, Bank of New Hampshire bought a new position in KKR & Co. Inc. in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $165.46 on Friday. The company has a 50-day simple moving average of $153.47 and a two-hundred day simple moving average of $136.19. KKR & Co. Inc. has a 12-month low of $83.37 and a 12-month high of $165.83. The firm has a market cap of $146.96 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 0.93 and a beta of 1.66. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the prior year, the business posted $0.73 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 4.13 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KKR. JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Morgan Stanley upped their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company reduced their target price on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Evercore ISI raised their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average 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.