Cortland Associates Inc. MO Sells 8,346 Shares of KKR & Co. Inc. $KKR

Cortland Associates Inc. MO cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.0% in the third quarter, Holdings Channel reports. The fund owned 266,022 shares of the asset manager’s stock after selling 8,346 shares during the period. KKR & Co. Inc. comprises approximately 3.5% of Cortland Associates Inc. MO’s holdings, making the stock its 12th biggest position. Cortland Associates Inc. MO’s holdings in KKR & Co. Inc. were worth $24,288,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KKR. Trek Financial LLC bought a new stake in KKR & Co. Inc. during the third quarter worth about $222,000. Greenleaf Trust raised its stake in shares of KKR & Co. Inc. by 11.3% in the third quarter. Greenleaf Trust now owns 9,635 shares of the asset manager’s stock valued at $880,000 after acquiring an additional 980 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $15,937,000. Profund Advisors LLC raised its stake in shares of KKR & Co. Inc. by 11.3% in the third quarter. Profund Advisors LLC now owns 6,714 shares of the asset manager’s stock valued at $613,000 after acquiring an additional 682 shares during the last quarter. Finally, Vise Technologies Inc. boosted its holdings in shares of KKR & Co. Inc. by 17.1% in the 3rd quarter. Vise Technologies Inc. now owns 14,688 shares of the asset manager’s stock worth $1,341,000 after acquiring an additional 2,145 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares in the company, valued at $924,341.54. The trade was a 54.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.20% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Trading Up 3.7%

KKR stock opened at $97.93 on Tuesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84. The company has a market cap of $87.90 billion, a P/E ratio of 31.19, a PEG ratio of 0.71 and a beta of 1.83. The business has a fifty day moving average of $96.83 and a 200-day moving average of $98.96.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays cut their price objective on KKR & Co. Inc. from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, October 26th. Rothschild & Co Redburn lifted their price target on KKR & Co. Inc. from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group reduced their price target on shares of KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Finally, BMO Capital Markets lowered their price objective on shares of KKR & Co. Inc. from $118.00 to $109.00 and set an “outperform” rating for the company in a research report on Tuesday, October 27th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $123.58.

KKR & Co. Inc. 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.