KKR & Co. Inc. (NYSE:KKR) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

KKR & Co. Inc. (NYSE:KKR)’s stock price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $96.83 and traded as high as $99.74. KKR & Co. Inc. shares last traded at $97.9270, with a volume of 4,364,813 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on KKR shares. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Piper Sandler dropped their price target on KKR & Co. Inc. from $128.00 to $121.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. TD Cowen cut their price target on KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating for the company in a report on Monday, October 12th. Finally, Evercore reduced their price objective on KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.58.

KKR & Co. Inc. Stock Up 3.7%

The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The business’s 50 day simple moving average is $96.83 and its 200 day simple moving average is $98.96. The company has a market capitalization of $87.90 billion, a PE ratio of 31.19, a P/E/G ratio of 0.71 and a beta of 1.83.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CenterBook Partners LP acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $260,000. Canvas Wealth Advisors LLC increased its position in shares of KKR & Co. Inc. by 34.3% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 6,096 shares of the asset manager’s stock worth $584,000 after purchasing an additional 1,558 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth about $54,000. Alta Advisers Ltd raised its holdings in KKR & Co. Inc. by 78.5% in the 3rd quarter. Alta Advisers Ltd now owns 4,931 shares of the asset manager’s stock valued at $450,000 after buying an additional 2,168 shares during the period. Finally, Lindsell Train Ltd raised its holdings in KKR & Co. Inc. by 48.3% in the 3rd quarter. Lindsell Train Ltd now owns 990,230 shares of the asset manager’s stock valued at $90,408,000 after buying an additional 322,450 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company 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.