Lucia Wealth Services LLC trimmed its position in KKR & Co Inc (NYSE:KKR) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,872 shares of the asset manager’s stock after selling 2,013 shares during the period. Lucia Wealth Services LLC’s holdings in KKR & Co Inc were worth $560,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KKR. US Bancorp DE grew its position in KKR & Co Inc by 4.9% in the 1st quarter. US Bancorp DE now owns 18,791 shares of the asset manager’s stock valued at $442,000 after buying an additional 883 shares during the last quarter. BlackRock Inc. lifted its holdings in KKR & Co Inc by 35.9% in the first quarter. BlackRock Inc. now owns 14,471,966 shares of the asset manager’s stock valued at $339,948,000 after acquiring an additional 3,823,413 shares during the period. Wells Fargo & Company MN lifted its holdings in KKR & Co Inc by 74.4% in the first quarter. Wells Fargo & Company MN now owns 1,885,495 shares of the asset manager’s stock valued at $44,290,000 after acquiring an additional 804,605 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in KKR & Co Inc in the first quarter valued at $358,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in KKR & Co Inc by 29.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,212 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 497 shares during the period. Hedge funds and other institutional investors own 76.79% of the company’s stock.

A number of research firms have commented on KKR. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, September 17th. BMO Capital Markets initiated coverage on KKR & Co Inc in a research note on Monday. They set an “outperform” rating and a $40.00 price target for the company. Bank of America raised KKR & Co Inc from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Monday, September 23rd. Barclays initiated coverage on KKR & Co Inc in a research note on Monday, August 5th. They set an “equal weight” rating and a $29.00 price target for the company. Finally, Wells Fargo & Co lifted their price target on KKR & Co Inc from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.28.

In related news, General Counsel David Sorkin sold 100,000 shares of KKR & Co Inc stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the completion of the sale, the general counsel now owns 73,528 shares in the company, valued at approximately $1,925,698.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of KKR & Co Inc stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Shares of NYSE:KKR traded up $0.53 during midday trading on Wednesday, hitting $26.23. 2,120,524 shares of the stock were exchanged, compared to its average volume of 3,392,164. The stock has a market cap of $14.02 billion, a P/E ratio of 13.59, a PEG ratio of 7.42 and a beta of 1.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.92. KKR & Co Inc has a twelve month low of $18.30 and a twelve month high of $29.95. The company has a 50 day moving average price of $26.82 and a 200-day moving average price of $25.09.

KKR & Co Inc (NYSE:KKR) last released its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $445.34 million. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. On average, equities research analysts expect that KKR & Co Inc will post 1.69 earnings per share for the current year.

KKR & Co Inc Profile

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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