KKR & Co. Inc. $KKR Shares Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 127.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,779 shares of the asset manager’s stock after purchasing an additional 2,678 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in KKR & Co. Inc. were worth $636,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in KKR & Co. Inc. during the first quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at approximately $38,000. GW&K Investment Management LLC lifted its stake in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after purchasing an additional 111 shares during the last quarter. Finally, SouthState Corp acquired a new position in KKR & Co. Inc. in the first quarter worth $44,000. 76.26% of the stock is owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on KKR. JMP Securities reissued a “market perform” rating and set a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Finally, Oppenheimer dropped their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.27.

KKR & Co. Inc. Trading Down 0.4%

Shares of NYSE:KKR opened at $118.03 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $132.40 and its 200 day moving average price is $129.98. The company has a market cap of $105.15 billion, a PE ratio of 54.90, a P/E/G ratio of 1.33 and a beta of 1.91. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter last year, the business earned $1.09 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.