KKR & Co. Inc. $KKR Shares Bought by World Investment Advisors

World Investment Advisors grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 11.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,172 shares of the asset manager’s stock after purchasing an additional 2,520 shares during the period. World Investment Advisors’ holdings in KKR & Co. Inc. were worth $3,216,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in KKR. Brighton Jones LLC boosted its position in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $218,000. Ameritas Advisory Services LLC boosted its position in shares of KKR & Co. Inc. by 7.1% during the 1st quarter. Ameritas Advisory Services LLC now owns 4,349 shares of the asset manager’s stock worth $547,000 after purchasing an additional 289 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of KKR & Co. Inc. by 1.1% during the 1st quarter. DAVENPORT & Co LLC now owns 11,371 shares of the asset manager’s stock worth $1,315,000 after purchasing an additional 124 shares in the last quarter. Finally, Keybank National Association OH boosted its position in shares of KKR & Co. Inc. by 2.9% during the 1st quarter. Keybank National Association OH now owns 11,387 shares of the asset manager’s stock worth $1,316,000 after purchasing an additional 325 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on KKR. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Oppenheimer decreased their price objective on shares of 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. Finally, HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective on the stock. in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.27.

KKR & Co. Inc. Trading Down 0.4%

Shares of KKR stock opened at $118.03 on Friday. The firm has a 50-day moving average price of $132.40 and a 200 day moving average price of $129.98. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a market capitalization of $105.15 billion, a price-to-earnings ratio of 54.90, a PEG ratio of 1.33 and a beta of 1.91. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $1.09 EPS. Research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

About KKR & Co. Inc.

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.