KKR & Co. Inc. $KKR Holdings Trimmed by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,273,483 shares of the asset manager’s stock after selling 33,595 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.14% of KKR & Co. Inc. worth $116,269,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in KKR. Silvant Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $34,000. Global Assets Advisory LLC bought a new position in shares of KKR & Co. Inc. in the first quarter worth $46,000. Eastern Bank grew its holdings in KKR & Co. Inc. by 28.1% during the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock valued at $50,000 after buying an additional 120 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 54.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 631 shares of the asset manager’s stock worth $58,000 after purchasing an additional 223 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth about $61,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KKR. Rothschild & Co Redburn raised their price target on KKR & Co. Inc. from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group reduced their target price on KKR & Co. Inc. from $129.00 to $112.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Friday, September 11th. Finally, Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. in a research report on Friday, October 2nd. They set an “equal weight” rating and a $97.00 price objective on the stock. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.58.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $97.93 on Tuesday. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average is $96.83 and its 200 day moving average is $98.96. The company 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.

Insiders Place Their Bets

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.20% of the company’s stock.

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.