NewSquare Capital LLC Raises Stake in KKR & Co. Inc. $KKR

by · The Cerbat Gem

NewSquare Capital LLC lifted its position in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) by 332.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 610 shares of the asset manager’s stock after purchasing an additional 469 shares during the quarter. NewSquare Capital LLC’s holdings in KKR & Co. Inc. were worth $81,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of KKR & Co. Inc. by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock worth $6,654,245,000 after purchasing an additional 870,176 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock worth $2,206,042,000 after acquiring an additional 2,391,434 shares during the period. Nuveen LLC purchased a new position in KKR & Co. Inc. in the 1st quarter worth approximately $844,137,000. Amundi boosted its holdings in KKR & Co. Inc. by 114.2% in 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 period. Finally, Jennison Associates LLC boosted its holdings in KKR & Co. Inc. by 4,918.6% in the 1st 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 during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of analyst reports. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. BMO Capital Markets began coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price for the company. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings upgraded 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 company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $157.27.

Check Out Our Latest Report on KKR

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $118.12 on Wednesday. The stock has a market cap of $105.24 billion, a P/E ratio of 54.94, a price-to-earnings-growth ratio of 1.33 and a beta of 1.91. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average of $131.07 and a 200-day moving average of $130.67. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

(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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