Curbstone Financial Management Corp Sells 2,370 Shares of KKR & Co. Inc. (NYSE:KKR)

Curbstone Financial Management Corp cut its position in shares of KKR & Co. Inc. (NYSE:KKR) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,988 shares of the asset manager’s stock after selling 2,370 shares during the period. KKR & Co. Inc. accounts for 1.1% of Curbstone Financial Management Corp’s portfolio, making the stock its 21st largest holding. Curbstone Financial Management Corp’s holdings in KKR & Co. Inc. were worth $5,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Raleigh Capital Management Inc. increased its holdings 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 during the last quarter. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $31,000. Eastern Bank bought a new position in KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Bank of New Hampshire acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $45,000. Finally, Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. during the third quarter worth approximately $40,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $161.18 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52 week low of $85.19 and a 52 week high of $165.83. The stock has a market capitalization of $143.17 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 0.93 and a beta of 1.66. The stock has a fifty day moving average of $153.47 and a 200-day moving average of $136.59.

Analysts Set New Price Targets

Several research firms recently weighed in on KKR. Keefe, Bruyette & Woods dropped their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their price objective 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. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Finally, Evercore ISI boosted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. 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 given a strong buy rating to the company’s stock. According to data from 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.