10,776 KKR & Co. Inc. $KKR Shares Purchased by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its KKR stake by 9.9%, buying 10,776 shares in the third quarter to hold 119,985 shares valued at about $11.18 million. Institutional investors and hedge funds own 76.26% of KKR.
• Analysts maintain a “Moderate Buy” consensus, with 17 Buy ratings and four Hold ratings; the average price target is $123.58. Several brokerages recently lowered their individual targets.
• KKR shares were reported as trading up 5.8%; the article lists a 12-month trading range of $82.67 to $144.84.

Rakuten Investment Management Inc. grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,985 shares of the asset manager's stock after purchasing an additional 10,776 shares during the quarter. Rakuten Investment Management Inc.'s holdings in KKR & Co. Inc. were worth $11,180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KKR. Provenance Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth about $98,000. Factory Mutual Insurance Co. lifted its holdings in shares of KKR & Co. Inc. by 19.2% in the 3rd quarter. Factory Mutual Insurance Co. now owns 439,895 shares of the asset manager's stock worth $40,162,000 after acquiring an additional 70,970 shares during the last quarter. Trek Financial LLC purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $222,000. Greenleaf Trust boosted its position in shares of KKR & Co. Inc. by 11.3% during the 3rd 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. purchased a new stake in KKR & Co. Inc. in the third quarter valued at approximately $15,937,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 5.8%

NYSE:KKR opened at $101.52 on Thursday. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock's 50 day simple moving average is $96.48 and its 200-day simple moving average is $98.63. The firm has a market cap of $91.13 billion, a P/E ratio of 32.33, a PEG ratio of 0.73 and a beta of 1.72.

Analysts Set New Price Targets

A number of brokerages recently commented on KKR. Jefferies Financial Group lowered their target price on KKR & Co. Inc. from $129.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, October 6th. 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 note on Monday, October 19th. UBS Group cut their price objective on KKR & Co. Inc. from $123.00 to $122.00 and set a "buy" rating on the stock in a research report on Tuesday, October 13th. Barclays reduced their price objective on KKR & Co. Inc. from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Monday, October 26th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of KKR & Co. Inc. in a research note on Friday, September 11th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.58.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the business'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 approximately $924,341.54. The trade was a 54.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.20% of the stock is currently owned by company 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.

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