Guardian Wealth Management Inc. lowered its stake in KKR & Co. Inc. (NYSE:KKR – Free Report) by 19.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,078 shares of the asset manager’s stock after selling 5,589 shares during the period. Guardian Wealth Management Inc.’s holdings in KKR & Co. Inc. were worth $2,107,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of KKR. Principal Financial Group Inc. grew its position in KKR & Co. Inc. by 6.9% during the 1st quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock worth $1,804,470,000 after acquiring an additional 1,261,314 shares during the last quarter. Legal & General Group Plc bought a new stake in KKR & Co. Inc. in the second quarter valued at approximately $470,778,000. Amundi lifted its position in KKR & Co. Inc. by 65.3% in the first quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock valued at $344,659,000 after purchasing an additional 1,472,265 shares during the last quarter. Temasek Holdings Private Ltd lifted its position in KKR & Co. Inc. by 164.4% in the first quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after purchasing an additional 2,190,248 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of KKR & Co. Inc. by 1.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,461,541 shares of the asset manager’s stock valued at $317,700,000 after purchasing an additional 55,489 shares during the period. Institutional investors own 76.26% of the company’s stock.
Insiders Place Their Bets
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 of the company’s stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 23.20% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on KKR shares. Rothschild & Co Redburn raised their target price on shares of KKR & Co. Inc. from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, July 31st. UBS Group decreased their target price on shares of KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Evercore lowered their price target on shares of KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Piper Sandler dropped their price target on shares of KKR & Co. Inc. from $128.00 to $121.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Finally, Argus raised their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.58.
Check Out Our Latest Research Report on KKR
KKR & Co. Inc. Price Performance
Shares of NYSE KKR opened at $101.52 on Thursday. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $144.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The company’s 50-day moving average is $96.48 and its 200 day moving average is $98.63. The stock has a market capitalization of $91.13 billion, a P/E ratio of 32.33, a P/E/G ratio of 0.73 and a beta of 1.72.
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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