Kingswood Wealth Advisors LLC Reduces Position in KKR & Co. Inc. (NYSE:KKR)

Kingswood Wealth Advisors LLC decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 81.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,082 shares of the asset manager’s stock after selling 26,784 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in KKR & Co. Inc. were worth $900,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Ballentine Partners LLC grew its holdings in shares of KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after purchasing an additional 70 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in shares of KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after purchasing an additional 73 shares during the period. Dudley Capital Management LLC grew its holdings in shares of KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after purchasing an additional 80 shares during the period. FWG Holdings LLC grew its holdings in shares of KKR & Co. Inc. by 1.6% in 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 during the period. Finally, Sigma Planning Corp grew its holdings in shares of KKR & Co. Inc. by 1.3% in the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Citigroup upped their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company decreased their target price on shares of 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. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, The Goldman Sachs Group upped their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Stock Up 3.7 %

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

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.