Texas Yale Capital Corp. Acquires 1,151 Shares of KKR & Co. Inc. $KKR

by · The Cerbat Gem

Texas Yale Capital Corp. raised its holdings in KKR & Co. Inc. (NYSE:KKR – Free Report) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 94,913 shares of the asset manager’s stock after acquiring an additional 1,151 shares during the quarter. Texas Yale Capital Corp.’s holdings in KKR & Co. Inc. were worth $12,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in KKR & Co. Inc. by 1.5% during the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock valued at $6,654,245,000 after purchasing an additional 870,176 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of KKR & Co. Inc. by 14.3% during the 1st 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. Nuveen LLC purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $844,137,000. Amundi lifted its holdings in shares of KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. Finally, Jennison Associates LLC grew 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 worth $507,972,000 after acquiring an additional 4,306,290 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KKR. Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. JMP Securities reissued a “market perform” rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Evercore ISI boosted their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. 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. Finally, Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

View Our Latest Research Report on KKR & Co. Inc.

KKR & Co. Inc. Trading Up 0.6%

NYSE:KKR opened at $119.56 on Friday. The firm has a market capitalization of $106.52 billion, a P/E ratio of 55.61, a P/E/G ratio of 1.33 and a beta of 1.92. The company has a fifty day moving average of $130.23 and a 200 day moving average of $130.51. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. Profile

(Free Report)

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.

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