KKR & Co Inc (NYSE:KKR) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its stake in shares of KKR & Co Inc (NYSE:KKR) by 3.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,512 shares of the asset manager’s stock after selling 1,189 shares during the quarter. Moors & Cabot Inc.’s holdings in KKR & Co Inc were worth $814,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Brinker Capital Inc. boosted its position in KKR & Co Inc by 33.1% during the 3rd quarter. Brinker Capital Inc. now owns 109,884 shares of the asset manager’s stock valued at $2,950,000 after purchasing an additional 27,301 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in KKR & Co Inc during the 3rd quarter valued at approximately $30,000. Tuttle Tactical Management boosted its position in KKR & Co Inc by 84.9% during the 3rd quarter. Tuttle Tactical Management now owns 121,226 shares of the asset manager’s stock valued at $3,132,000 after purchasing an additional 55,653 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in KKR & Co Inc by 26.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 103,611 shares of the asset manager’s stock valued at $2,782,000 after purchasing an additional 21,568 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in KKR & Co Inc by 59.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 183,221 shares of the asset manager’s stock valued at $4,919,000 after purchasing an additional 68,276 shares during the period. Institutional investors and hedge funds own 76.79% of the company’s stock.

In other news, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel David Sorkin sold 100,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.19, for a total value of $2,619,000.00. Following the completion of the sale, the general counsel now directly owns 73,528 shares in the company, valued at approximately $1,925,698.32. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Shares of KKR & Co Inc stock opened at $28.60 on Thursday. The business’s fifty day moving average price is $27.24 and its two-hundred day moving average price is $25.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $14.99 billion, a P/E ratio of 14.82, a PEG ratio of 7.94 and a beta of 1.66. KKR & Co Inc has a 1-year low of $18.30 and a 1-year high of $29.95.

KKR & Co Inc (NYSE:KKR) last announced its earnings results on Thursday, July 25th. The asset manager reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The business had revenue of $528.00 million for the quarter, compared to the consensus estimate of $445.34 million. The firm’s revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, research analysts expect that KKR & Co Inc will post 1.68 earnings per share for the current fiscal year.

Several brokerages have weighed in on KKR. Barclays set a $28.00 target price on KKR & Co Inc and gave the company a “hold” rating in a research note on Friday, October 11th. Bank of America raised KKR & Co Inc from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Monday, September 23rd. Goldman Sachs Group lifted their target price on KKR & Co Inc from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Zacks Investment Research downgraded KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Co lifted their target price on KKR & Co Inc from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.19.

KKR & Co Inc Profile

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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