Rakuten Investment Management Inc. Purchases 10,776 Shares of KKR & Co. Inc. $KKR

by · The Cerbat Gem

Rakuten Investment Management Inc. increased its position in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) by 9.9% during the third quarter, Holdings Channel reports. The fund owned 119,985 shares of the asset manager’s stock after acquiring an additional 10,776 shares during the quarter. Rakuten Investment Management Inc.’s holdings in KKR & Co. Inc. were worth $11,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at about $470,778,000. Bank of New York Mellon Corp purchased a new position in shares of KKR & Co. Inc. during the 2nd quarter worth about $298,311,000. Temasek Holdings Private Ltd boosted its position in shares of KKR & Co. Inc. by 164.4% in the first quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock worth $325,859,000 after acquiring an additional 2,190,248 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of KKR & Co. Inc. in the second quarter worth approximately $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in KKR & Co. Inc. in the second quarter valued at approximately $147,628,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares in the company, valued at $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $101.52 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $144.84. The firm’s 50-day simple moving average is $96.48 and its 200-day simple moving average is $98.63. The firm has a market cap of $91.13 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 0.73 and a beta of 1.72.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research reports. Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $97.00 target price on the stock. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Barclays dropped their price target on KKR & Co. Inc. from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, October 26th. Morgan Stanley cut their price objective on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Finally, UBS Group cut their price objective on KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.58.

View Our Latest Stock Report on KKR

KKR & Co. Inc. Profile

(Free Report)

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.

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