United Asset Strategies Inc. Purchases New Shares in KKR & Co. Inc. $KKR

United Asset Strategies Inc. purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,955 shares of the asset manager’s stock, valued at approximately $726,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Silvant Capital Management LLC purchased a new position in KKR & Co. Inc. during the 2nd quarter worth $34,000. Global Assets Advisory LLC acquired a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $46,000. Eastern Bank boosted its holdings in shares of KKR & Co. Inc. by 28.1% in the third quarter. Eastern Bank now owns 547 shares of the asset manager’s stock valued at $50,000 after acquiring an additional 120 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 54.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 631 shares of the asset manager’s stock valued at $58,000 after acquiring an additional 223 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at about $61,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KKR shares. Piper Sandler dropped their price target on shares of KKR & Co. Inc. from $128.00 to $121.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Royal Bank Of Canada boosted their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. The Goldman Sachs Group lowered their price target on shares of KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Barclays dropped their price objective on KKR & Co. Inc. from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, October 26th. Finally, Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.58.

View Our Latest Stock Report on KKR & Co. Inc.

Insider Buying and Selling at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the sale, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $94.34 on Friday. The company has a market cap of $84.68 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 0.73 and a beta of 1.83. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $97.05 and a two-hundred day moving average price of $99.12. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84.

KKR & Co. Inc. (NYSE:KKR – Get Free Report) last posted its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the prior year, the company earned $1.18 EPS. As a group, research analysts predict that KKR & Co. Inc. will post 7.35 EPS for the current year.

KKR & Co. Inc. Profile

(Free Report)

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.

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

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