Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 174,561 shares of the asset manager’s stock, valued at approximately $15,937,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Silvant Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at about $34,000. Global Assets Advisory LLC acquired a new position in KKR & Co. Inc. during the 1st quarter worth approximately $46,000. Eastern Bank boosted its holdings in KKR & Co. Inc. by 28.1% in the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock worth $50,000 after acquiring an additional 120 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in KKR & Co. Inc. by 54.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 631 shares of the asset manager’s stock worth $58,000 after acquiring an additional 223 shares during the period. Finally, Root Financial Partners LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $61,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.
Insider Transactions at KKR & Co. Inc.
In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the sale, the insider directly owned 8,513 shares in the company, valued at $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.20% of the stock is owned by corporate insiders.
KKR & Co. Inc. Trading Down 2.2%
NYSE:KKR opened at $95.85 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The business’s 50-day simple moving average is $96.60 and its 200 day simple moving average is $98.78. The stock has a market cap of $86.04 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 0.75 and a beta of 1.72.
Analyst Ratings Changes
KKR has been the subject of several recent research reports. Wells Fargo & Company started coverage on shares of KKR & Co. Inc. in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price objective for the company. Bank of America reduced their target price on shares of KKR & Co. Inc. from $147.00 to $143.00 in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of KKR & Co. Inc. from $111.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Argus raised their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, BMO Capital Markets lowered their price target on shares of KKR & Co. Inc. from $118.00 to $109.00 and set an “outperform” rating for the company in a report on Tuesday, October 27th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.58.
Get Our Latest Stock Report on KKR
KKR & Co. Inc. Company Profile
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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