Cassaday & Co Wealth Management LLC Takes Position in KKR & Co. Inc. $KKR

Cassaday & Co Wealth Management LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 4,289 shares of the asset manager’s stock, valued at approximately $571,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new position in KKR & Co. Inc. in the first quarter valued at about $844,137,000. Jennison Associates LLC boosted its position in KKR & Co. Inc. by 4,918.6% in the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after buying an additional 4,306,290 shares in the last quarter. Amundi boosted its position in KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after buying an additional 2,439,505 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in KKR & Co. Inc. by 14.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after buying an additional 2,391,434 shares in the last quarter. Finally, Unisphere Establishment boosted its position in KKR & Co. Inc. by 1,594.5% in the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock valued at $145,946,000 after buying an additional 1,187,900 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction that occurred 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 in the company, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 39.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on KKR. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods upped 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 report on Monday, August 4th. Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Barclays upped 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 report on Monday, August 4th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th. One 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.27.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $118.12 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market cap of $105.24 billion, a PE ratio of 54.94, a PEG ratio of 1.33 and a beta of 1.91. The company’s 50-day moving average is $131.07 and its two-hundred day moving average is $130.67.

KKR & Co. Inc. Company 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.