KKR & Co. Inc. $KKR Shares Sold by Third View Private Wealth LLC

Third View Private Wealth LLC lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 23.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Provenance Wealth Advisors LLC acquired a new position in KKR & Co. Inc. during the third quarter valued at approximately $98,000. Factory Mutual Insurance Co. increased its stake in KKR & Co. Inc. by 19.2% in the third quarter. Factory Mutual Insurance Co. now owns 439,895 shares of the asset manager’s stock valued at $40,162,000 after purchasing an additional 70,970 shares in the last quarter. Trek Financial LLC acquired a new stake in KKR & Co. Inc. in the third quarter worth $222,000. Greenleaf Trust raised its holdings in KKR & Co. Inc. by 11.3% in the third quarter. Greenleaf Trust now owns 9,635 shares of the asset manager’s stock worth $880,000 after purchasing an additional 980 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in KKR & Co. Inc. in the third quarter worth $15,937,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target 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. TD Cowen dropped their price objective on KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. BMO Capital Markets reduced their target price on KKR & Co. Inc. from $118.00 to $109.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Rothschild & Co Redburn lifted their target price on KKR & Co. Inc. from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Barclays decreased their target price on KKR & Co. Inc. from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, October 26th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.58.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $95.85 on Wednesday. The firm has a market cap of $86.04 billion, a P/E ratio of 30.53, a PEG 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 company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50 day moving average price is $96.60 and its two-hundred day moving average price is $98.78.

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 transaction of $1,085,800.00. Following the sale, the insider directly owned 8,513 shares in the company, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.20% of the stock is currently owned by insiders.

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.