KKR & Co. Inc. $KKR Stock: Sumitomo Mitsui Trust Group Inc. Cuts Position

Sumitomo Mitsui Trust Group Inc. decreased its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.6% in the third quarter, Holdings Channel reports. The firm owned 1,273,483 shares of the asset manager’s stock after selling 33,595 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in KKR & Co. Inc. were worth $116,269,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KKR. Mirae Asset Global Investments Co. Ltd. bought a new stake in KKR & Co. Inc. in the 3rd quarter worth about $15,937,000. Profund Advisors LLC raised its position in KKR & Co. Inc. by 11.3% in the 3rd quarter. Profund Advisors LLC now owns 6,714 shares of the asset manager’s stock worth $613,000 after buying an additional 682 shares during the last quarter. Vise Technologies Inc. raised its position in 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 buying an additional 2,145 shares during the last quarter. MGO One Seven LLC raised its position in KKR & Co. Inc. by 8.6% in the 3rd quarter. MGO One Seven LLC now owns 6,948 shares of the asset manager’s stock worth $634,000 after buying an additional 552 shares during the last quarter. Finally, Glenview Trust Co lifted its stake in KKR & Co. Inc. by 18.3% during the 3rd quarter. Glenview Trust Co now owns 5,291 shares of the asset manager’s stock valued at $483,000 after acquiring an additional 817 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction dated 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 trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Rothschild & Co Redburn upped their target price on shares of KKR & Co. Inc. from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company started coverage on shares of KKR & Co. Inc. in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 price target for the company. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Finally, BNP Paribas Exane lowered their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.58.

KKR & Co. Inc. Stock Performance

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

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.