iA Global Asset Management Inc. Sells 1,610 Shares of KKR & Co. Inc. $KKR

iA Global Asset Management Inc. lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 35.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,920 shares of the asset manager’s stock after selling 1,610 shares during the period. iA Global Asset Management Inc.’s holdings in KKR & Co. Inc. were worth $388,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KKR. National Bank of Canada FI increased its holdings in shares of KKR & Co. Inc. by 44.0% during the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after acquiring an additional 237,987 shares during the last quarter. Aberdeen Group plc grew its holdings in KKR & Co. Inc. by 4.1% in the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after buying an additional 10,960 shares in the last quarter. First Interstate Bank acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at $3,115,000. Valeo Financial Advisors LLC grew its holdings in KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock valued at $818,000 after buying an additional 2,006 shares in the last quarter. Finally, CWM LLC grew its holdings in KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after buying an additional 398 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $118.12 on Wednesday. The stock has a fifty day moving average price of $131.07 and a 200-day moving average price of $130.67. The company has a market cap of $105.24 billion, a price-to-earnings ratio of 54.94, a PEG ratio of 1.33 and a beta of 1.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on KKR shares. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods upped their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Evercore ISI upped their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.27.

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.