KKR & Co. Inc. $KKR Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments initiated a position in KKR, buying 174,561 shares worth approximately $15.9 million in the third quarter. Institutional investors and hedge funds collectively own 76.26% of the company.
• KKR insider Dane Holmes sold 10,000 shares at an average price of $108.58, reducing his direct ownership by 54.02%.
• Analysts maintain a Moderate Buy consensus, with an average price target of $123.58; 17 analysts rate the stock Buy and four rate it Hold. Shares opened at $95.85 and were reported down 2.2%.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 174,561 shares of the asset manager's stock, valued at approximately $15,937,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Profund Advisors LLC boosted its position in shares of KKR & Co. Inc. by 11.3% in the third quarter. Profund Advisors LLC now owns 6,714 shares of the asset manager's stock worth $613,000 after acquiring an additional 682 shares during the last quarter. Vise Technologies Inc. grew its holdings in KKR & Co. Inc. by 17.1% in the third quarter. Vise Technologies Inc. now owns 14,688 shares of the asset manager's stock valued at $1,341,000 after purchasing an additional 2,145 shares during the period. MGO One Seven LLC grew its holdings in KKR & Co. Inc. by 8.6% in the third quarter. MGO One Seven LLC now owns 6,948 shares of the asset manager's stock valued at $634,000 after purchasing an additional 552 shares during the period. Glenview Trust Co increased its position in KKR & Co. Inc. by 18.3% during the third quarter. Glenview Trust Co now owns 5,291 shares of the asset manager's stock worth $483,000 after purchasing an additional 817 shares during the last quarter. Finally, Parcion Private Wealth LLC increased its position in KKR & Co. Inc. by 17.1% during the third quarter. Parcion Private Wealth LLC now owns 3,136 shares of the asset manager's stock worth $286,000 after purchasing an additional 458 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred 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 transaction, 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 SEC, which is accessible through this hyperlink. Insiders own 23.20% of the company's stock.

KKR & Co. Inc. Stock Down 2.2%

Shares of NYSE:KKR opened at $95.85 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $144.84. The stock has a market capitalization of $86.04 billion, a P/E ratio of 30.53, a PEG ratio of 0.75 and a beta of 1.72. The stock has a 50-day simple moving average of $96.60 and a 200-day simple moving average of $98.78.

Wall Street Analyst Weigh In

KKR has been the topic of a number of recent analyst reports. Argus increased their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Piper Sandler lowered their price objective 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. The Goldman Sachs Group dropped their price objective on KKR & Co. Inc. from $127.00 to $125.00 and set a "buy" rating for the company in a report on Friday, October 2nd. BNP Paribas Exane cut their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an "outperform" rating on the stock in a research report on Thursday, October 1st. Finally, 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. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.58.

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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