Third View Private Wealth LLC decreased its position in KKR & Co. Inc. (NYSE:KKR – Free Report) by 23.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,961 shares of the asset manager’s stock after selling 6,627 shares during the period. Third View Private Wealth LLC’s holdings in KKR & Co. Inc. were worth $2,005,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. Silvant Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at approximately $34,000. Global Assets Advisory LLC bought a new stake in shares of KKR & Co. Inc. in the first quarter worth $46,000. Eastern Bank lifted its position 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 worth $50,000 after purchasing an additional 120 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in KKR & Co. Inc. by 54.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 631 shares of the asset manager’s stock worth $58,000 after purchasing an additional 223 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in KKR & Co. Inc. during the third quarter worth $61,000. Institutional investors own 76.26% of the company’s stock.
KKR & Co. Inc. Stock Down 2.2%
NYSE:KKR opened at $95.85 on Wednesday. The firm has a market capitalization 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. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84. The stock’s 50 day moving average price is $96.60 and its two-hundred day moving average price is $98.78. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.
Insider Activity at KKR & Co. Inc.
In related news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on KKR. The Goldman Sachs Group decreased their target price on shares of KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. BNP Paribas Exane cut their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Weiss Ratings restated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research note on Friday, September 11th. Finally, Wells Fargo & Company began coverage on KKR & Co. Inc. in a report on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price objective for the company. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $123.58.
Get Our Latest Stock Report on KKR
About KKR & Co. Inc.
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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