Crossmark Global Holdings Inc. Sells 528 Shares of KKR & Co. Inc. (NYSE:KKR)

Crossmark Global Holdings Inc. lowered its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,252 shares of the asset manager’s stock after selling 528 shares during the period. Crossmark Global Holdings Inc.’s holdings in KKR & Co. Inc. were worth $3,883,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC increased its stake in KKR & Co. Inc. by 36.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,909 shares of the asset manager’s stock worth $727,000 after acquiring an additional 1,841 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of KKR & Co. Inc. by 13.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after purchasing an additional 89 shares during the period. Thrivent Financial for Lutherans increased its position in shares of KKR & Co. Inc. by 183.8% in the second quarter. Thrivent Financial for Lutherans now owns 68,704 shares of the asset manager’s stock worth $7,230,000 after purchasing an additional 44,496 shares during the period. Frank Rimerman Advisors LLC acquired a new position in KKR & Co. Inc. in the second quarter valued at about $238,000. Finally, Evergreen Capital Management LLC lifted its position in KKR & Co. Inc. by 6.4% during the second quarter. Evergreen Capital Management LLC now owns 2,997 shares of the asset manager’s stock worth $315,000 after purchasing an additional 181 shares during the period. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Evercore ISI boosted their price objective 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. The Goldman Sachs Group raised their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays boosted their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Trading Up 0.5 %

KKR opened at $161.58 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $83.01 and a fifty-two week high of $163.68. The company’s 50 day moving average price is $152.68 and its two-hundred day moving average price is $135.38. The firm has a market capitalization of $143.52 billion, a price-to-earnings ratio of 49.11, a PEG ratio of 0.90 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the previous year, the firm posted $0.73 earnings per share. As a group, research analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

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.