Black Swift Group LLC Sells 23,000 Shares of KKR & Co. Inc. $KKR

Black Swift Group LLC decreased its position in KKR & Co. Inc. (NYSE:KKR) by 87.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,350 shares of the asset manager’s stock after selling 23,000 shares during the quarter. Black Swift Group LLC’s holdings in KKR & Co. Inc. were worth $446,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI lifted its position in KKR & Co. Inc. by 44.0% in the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after buying an additional 237,987 shares during the last quarter. First Interstate Bank bought a new stake in KKR & Co. Inc. in the second quarter valued at approximately $3,115,000. Aberdeen Group plc lifted its position in KKR & Co. Inc. by 4.1% in the second quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock valued at $36,885,000 after purchasing an additional 10,960 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in KKR & Co. Inc. by 39.6% in the first quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock valued at $818,000 after purchasing an additional 2,006 shares during the last quarter. Finally, CWM LLC lifted its position in KKR & Co. Inc. by 4.6% in the first quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after purchasing an additional 398 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $118.96 on Thursday. 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 52-week low of $86.15 and a 52-week high of $170.40. The stock has a market capitalization of $105.99 billion, a PE ratio of 55.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The stock’s 50 day moving average price is $130.64 and its 200-day moving average price is $130.58.

Wall Street Analysts Forecast Growth

KKR has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Citigroup lowered their price objective on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective for the company. in a research report on Wednesday, July 9th. Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.27.

KKR & Co. Inc. Company Profile

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.