Hodges Capital Management Inc. Cuts Holdings in KKR & Co Inc (NYSE:KKR)

Hodges Capital Management Inc. trimmed its stake in KKR & Co Inc (NYSE:KKR) by 39.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,052 shares of the asset manager’s stock after selling 3,987 shares during the quarter. Hodges Capital Management Inc.’s holdings in KKR & Co Inc were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. purchased a new position in KKR & Co Inc in the second quarter valued at about $27,000. Cullen Frost Bankers Inc. purchased a new position in KKR & Co Inc in the second quarter valued at about $31,000. Modus Advisors LLC purchased a new position in KKR & Co Inc in the second quarter valued at about $36,000. MUFG Americas Holdings Corp purchased a new position in KKR & Co Inc in the second quarter valued at about $42,000. Finally, Tower Research Capital LLC TRC purchased a new position in KKR & Co Inc in the first quarter valued at about $50,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

KKR has been the topic of a number of research analyst reports. Citigroup reiterated a “focus list” rating on shares of KKR & Co Inc in a research note on Wednesday, August 5th. Credit Suisse Group boosted their price target on shares of KKR & Co Inc from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Bank of America boosted their price target on shares of KKR & Co Inc from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Wells Fargo & Company reissued a “buy” rating on shares of KKR & Co Inc in a research report on Thursday, July 16th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co Inc from $34.00 to $41.00 in a research report on Thursday, July 9th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. KKR & Co Inc currently has a consensus rating of “Buy” and a consensus target price of $37.15.

In other news, major shareholder Kkr Group Partnership L.P. sold 5,000,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $98.00, for a total value of $490,000,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.34% of the stock is owned by corporate insiders.

KKR & Co Inc stock opened at $36.94 on Friday. The firm’s 50 day simple moving average is $35.20 and its 200 day simple moving average is $31.12. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $20.65 billion, a PE ratio of 136.81 and a beta of 1.42. KKR & Co Inc has a 1-year low of $15.55 and a 1-year high of $37.33.

KKR & Co Inc (NYSE:KKR) last posted its earnings results on Tuesday, August 4th. The asset manager reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $420.68 million. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. Research analysts forecast that KKR & Co Inc will post 1.56 earnings per share for the current year.

KKR & Co Inc Profile

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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