20,209 KKR & Co. Inc. $KKR Shares Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its KKR stake by 7.1% in the third quarter, purchasing 20,209 additional shares and bringing its total holdings to 304,263 shares valued at approximately $27.8 million.
• Institutional investors own 76.26% of KKR, while corporate insiders own 23.20%; insider Dane Holmes sold 10,000 shares for about $1.09 million.
• KKR reported quarterly EPS of $1.63, exceeding estimates of $1.43, and analysts maintain a “Moderate Buy” consensus with an average price target of $123.58.

Asset Management One Co. Ltd. grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,263 shares of the asset manager's stock after purchasing an additional 20,209 shares during the period. Asset Management One Co. Ltd.'s holdings in KKR & Co. Inc. were worth $27,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Andra AP fonden grew its holdings in KKR & Co. Inc. by 201.7% during the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager's stock worth $5,331,000 after acquiring an additional 38,530 shares in the last quarter. Castleview Partners LLC lifted its position in shares of KKR & Co. Inc. by 27.1% in the 3rd quarter. Castleview Partners LLC now owns 60,980 shares of the asset manager's stock worth $5,568,000 after purchasing an additional 13,014 shares during the period. NEOS Investment Management LLC boosted its stake in shares of KKR & Co. Inc. by 12.6% during the second quarter. NEOS Investment Management LLC now owns 112,137 shares of the asset manager's stock valued at $10,292,000 after purchasing an additional 12,529 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. during the second quarter valued at approximately $7,358,000. Finally, Next Capital Management LLC boosted its stake in shares of KKR & Co. Inc. by 135.6% during the first quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager's stock valued at $4,419,000 after purchasing an additional 27,498 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 23.20% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $95.96 on Friday. The company has a 50 day moving average price of $97.30 and a 200 day moving average price of $99.32. The firm has a market capitalization of $86.14 billion, a P/E ratio of 30.56, a PEG ratio of 0.71 and a beta of 1.83. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the previous year, the firm earned $1.18 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 7.35 EPS for the current year.

Analyst Ratings Changes

KKR has been the topic of several recent research reports. BMO Capital Markets dropped their target price on KKR & Co. Inc. from $118.00 to $109.00 and set an "outperform" rating on the stock in a research report on Tuesday. Weiss Ratings reissued a "hold (c-)" rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a research note on Friday, October 2nd. They set an "equal weight" rating and a $97.00 price objective for the company. Royal Bank Of Canada raised their price objective on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, Evercore dropped their price objective on KKR & Co. Inc. from $119.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, July 13th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.58.

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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