Accuvest Global Advisors Buys 9,151 Shares of KKR & Co. Inc. $KKR

Accuvest Global Advisors raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 40.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,049 shares of the asset manager’s stock after purchasing an additional 9,151 shares during the quarter. KKR & Co. Inc. accounts for about 2.8% of Accuvest Global Advisors’ holdings, making the stock its 13th biggest holding. Accuvest Global Advisors’ holdings in KKR & Co. Inc. were worth $4,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

KKR & Co. Inc. Stock Up 0.2%

Shares of NYSE KKR opened at $118.36 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. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The firm’s fifty day moving average is $131.94 and its 200 day moving average is $130.26. The company has a market cap of $105.45 billion, a price-to-earnings ratio of 55.05, a PEG ratio of 1.33 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. On average, equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on 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 transaction, the chairman directly owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 39.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JMP Securities reiterated a “market perform” rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Barclays lifted their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Citizens Jmp downgraded shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Citigroup decreased their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. 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 stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $157.27.

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.