KKR & Co. Inc. $KKR Stock Holdings Lowered by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 19.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,078 shares of the asset manager’s stock after selling 5,589 shares during the period. Guardian Wealth Management Inc.’s holdings in KKR & Co. Inc. were worth $2,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Silvant Capital Management LLC bought a new position in shares of KKR & Co. Inc. in the 2nd quarter worth about $34,000. Compass Financial Management LLC lifted its position in KKR & Co. Inc. by 133.9% during the 3rd quarter. Compass Financial Management LLC now owns 407 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 233 shares during the period. Global Assets Advisory LLC bought a new stake in KKR & Co. Inc. during the first quarter worth about $46,000. Eastern Bank boosted its stake in KKR & Co. Inc. by 28.1% during the third quarter. Eastern Bank now owns 547 shares of the asset manager’s stock worth $50,000 after acquiring an additional 120 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in 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 worth $58,000 after acquiring an additional 223 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Argus lifted their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. TD Cowen dropped their price target on KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Morgan Stanley dropped their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Finally, Bank of America cut their price target on KKR & Co. Inc. from $147.00 to $143.00 in a research note on Tuesday, August 4th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.58.

Insider Transactions at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Trading Up 5.8%

NYSE:KKR opened at $101.52 on Thursday. The stock has a market cap of $91.13 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.73 and a beta of 1.72. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average price is $96.48 and its 200-day moving average price is $98.63. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84.

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.