KKR & Co. Inc. $KKR Shares Sold by AIA Group Ltd

Key Points

• AIA Group cut its KKR stake by 38.7% in the third quarter, selling 15,687 shares and ending the period with 24,806 shares valued at about $2.27 million.
• Institutional investors own 76.26% of KKR shares; activity was mixed, with some firms adding positions while an insider also sold 10,000 shares.
• Analysts maintain a Moderate Buy consensus, with an average price target of $123.58; 17 rate the stock Buy and four rate it Hold.

AIA Group Ltd lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 38.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,806 shares of the asset manager's stock after selling 15,687 shares during the period. AIA Group Ltd's holdings in KKR & Co. Inc. were worth $2,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Silvant Capital Management LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at about $34,000. Global Assets Advisory LLC bought a new position in shares of KKR & Co. Inc. during the first quarter valued at approximately $46,000. Eastern Bank lifted its position in shares of KKR & Co. Inc. by 28.1% during the third quarter. Eastern Bank now owns 547 shares of the asset manager's stock valued at $50,000 after buying an additional 120 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 54.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 631 shares of the asset manager's stock valued at $58,000 after acquiring an additional 223 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth about $61,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $101.52 on Thursday. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $144.84. The firm has a market cap of $91.13 billion, a P/E ratio of 19.75, a PEG ratio of 0.73 and a beta of 1.72. The stock has a fifty day moving average price of $96.48 and a two-hundred day moving average price of $98.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction 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 represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 23.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KKR shares. Evercore dropped their target price 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. The Goldman Sachs Group reduced their target price on shares of KKR & Co. Inc. from $127.00 to $125.00 and set a "buy" rating for the company in a report on Friday, October 2nd. Bank of America reduced their price objective on KKR & Co. Inc. from $147.00 to $143.00 in a research note on Tuesday, August 4th. Rothschild & Co Redburn lifted their target price on KKR & Co. Inc. from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods raised KKR & Co. Inc. to a "moderate buy" rating in a report on Monday, July 20th. Seventeen investment 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 currently has an average rating of "Moderate Buy" and an average target price of $123.58.

KKR & Co. Inc. Company 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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