GAM Holding AG Makes New $1.27 Million Investment in KKR & Co. Inc. $KKR

GAM Holding AG acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, Holdings Channel reports. The fund acquired 9,553 shares of the asset manager’s stock, valued at approximately $1,271,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KKR. National Bank of Canada FI boosted its holdings in shares of KKR & Co. Inc. by 44.0% in the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after buying an additional 237,987 shares during the last quarter. Aberdeen Group plc boosted its holdings in shares of KKR & Co. Inc. by 4.1% in the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock worth $36,885,000 after buying an additional 10,960 shares during the last quarter. First Interstate Bank purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter worth about $3,115,000. Valeo Financial Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock worth $818,000 after buying an additional 2,006 shares during the last quarter. Finally, CWM LLC boosted its stake in KKR & Co. Inc. by 4.6% in the first quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock valued at $1,039,000 after acquiring an additional 398 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KKR shares. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Barclays upped their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Oppenheimer dropped their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Evercore ISI upped their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, JMP Securities reaffirmed a “market perform” rating and set a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday, July 14th. One equities research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $157.27.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $118.36 on Friday. The stock has a market capitalization of $105.45 billion, a P/E ratio of 55.05, a PEG ratio of 1.33 and a beta of 1.91. The firm’s 50 day moving average is $131.94 and its 200 day moving average is $130.08. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. 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 posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current 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.