7,955 Shares of KKR & Co. Inc. $KKR Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,955 shares of the asset manager’s stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KKR. Choreo LLC boosted its holdings in KKR & Co. Inc. by 25.5% in the third quarter. Choreo LLC now owns 15,985 shares of the asset manager’s stock valued at $1,459,000 after purchasing an additional 3,248 shares in the last quarter. TOWER TRUST & INVESTMENT Co raised its holdings in KKR & Co. Inc. by 4.4% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 7,606 shares of the asset manager’s stock worth $694,000 after purchasing an additional 321 shares in the last quarter. BOKF NA raised its holdings in KKR & Co. Inc. by 2.0% during the third quarter. BOKF NA now owns 17,403 shares of the asset manager’s stock worth $1,589,000 after purchasing an additional 338 shares in the last quarter. North Dakota State Investment Board raised its holdings in KKR & Co. Inc. by 4.1% during the third quarter. North Dakota State Investment Board now owns 20,998 shares of the asset manager’s stock worth $1,917,000 after purchasing an additional 833 shares in the last quarter. Finally, VestGen Advisors LLC lifted its position in shares of KKR & Co. Inc. by 38.8% during the 3rd quarter. VestGen Advisors LLC now owns 3,172 shares of the asset manager’s stock worth $290,000 after buying an additional 887 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of several research analyst reports. Royal Bank Of Canada upped their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Bank of America cut their price target on shares of KKR & Co. Inc. from $147.00 to $143.00 in a research note on Tuesday, August 4th. Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Wells Fargo & Company started coverage on shares of KKR & Co. Inc. in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $123.58.

Insider Buying and Selling

In other news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $94.34 on Friday. The firm’s fifty day simple moving average is $97.05 and its 200-day simple moving average is $99.12. The stock has a market capitalization of $84.68 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 0.73 and a beta of 1.83. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month 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.

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

KKR & Co. Inc. 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.