KKR & Co. Inc. $KKR Position Increased by Lindsell Train Ltd

Key Points

• Lindsell Train increased its KKR stake by 48.3% in the third quarter, adding 322,450 shares to own 990,230 shares valued at about $90.4 million.
• Other institutional investors also adjusted their holdings, and institutions collectively own 76.26% of KKR’s stock.
• Analysts have a consensus “Moderate Buy” rating, with an average price target of $123.58; KKR shares opened at $98.38 in the reported trading session.

Lindsell Train Ltd lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 48.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 990,230 shares of the asset manager's stock after buying an additional 322,450 shares during the period. KKR & Co. Inc. makes up about 3.9% of Lindsell Train Ltd's portfolio, making the stock its 10th largest position. Lindsell Train Ltd owned approximately 0.11% of KKR & Co. Inc. worth $90,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Compass Financial Management LLC boosted its stake in KKR & Co. Inc. by 133.9% in the third quarter. Compass Financial Management LLC now owns 407 shares of the asset manager's stock valued at $37,000 after acquiring an additional 233 shares in the last quarter. Rakuten Investment Management Inc. grew its holdings in KKR & Co. Inc. by 9.9% in the third quarter. Rakuten Investment Management Inc. now owns 119,985 shares of the asset manager's stock worth $11,180,000 after purchasing an additional 10,776 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth $98,000. Factory Mutual Insurance Co. increased its position in shares of KKR & Co. Inc. by 19.2% during the third quarter. Factory Mutual Insurance Co. now owns 439,895 shares of the asset manager's stock worth $40,162,000 after purchasing an additional 70,970 shares in the last quarter. Finally, Trek Financial LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth $222,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Rothschild & Co Redburn increased their price objective on KKR & Co. Inc. from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, July 31st. Wells Fargo & Company initiated coverage on KKR & Co. Inc. in a research note on Friday, October 2nd. They set an "equal weight" rating and a $97.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $111.00 to $116.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Morgan Stanley reduced their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of KKR & Co. Inc. in a research note on Friday, September 11th. 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.58.

KKR & Co. Inc. Trading Down 2.9%

Shares of KKR & Co. Inc. stock opened at $98.38 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84. The firm has a market capitalization of $88.31 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 0.78 and a beta of 1.72. The firm's 50 day simple moving average is $96.28 and its two-hundred day simple moving average is $98.46.

Insider Activity at KKR & Co. Inc.

In other 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 of the company's stock, valued at $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 23.20% of the company's stock.

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.

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