322,450 KKR & Co. Inc. $KKR Shares Purchased by Lindsell Train Ltd

Lindsell Train Ltd boosted its position in KKR & Co. Inc. (NYSE:KKR) by 48.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 990,230 shares of the asset manager’s stock after buying an additional 322,450 shares during the period. KKR & Co. Inc. makes up approximately 3.9% of Lindsell Train Ltd’s investment portfolio, making the stock its 10th largest holding. Lindsell Train Ltd’s holdings in KKR & Co. Inc. were worth $90,408,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc purchased a new position in KKR & Co. Inc. during the 2nd quarter worth approximately $470,778,000. Bank of New York Mellon Corp purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $298,311,000. Temasek Holdings Private Ltd boosted its holdings in shares of KKR & Co. Inc. by 164.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $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 $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of KKR & Co. Inc. in the second quarter worth $147,628,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the firm’s 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 $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on KKR shares. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. TD Cowen decreased their target price on shares of KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating for the company in a research report on Monday, October 12th. Rothschild & Co Redburn upped their price target on shares of KKR & Co. Inc. from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, July 31st. HSBC cut their price target on KKR & Co. Inc. from $121.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Finally, Wells Fargo & Company assumed coverage on KKR & Co. Inc. in a research note on Friday, October 2nd. They set an “equal weight” rating and a $97.00 price objective for the company. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.58.

KKR & Co. Inc. Trading Down 2.9%

Shares of NYSE:KKR opened at $98.38 on Friday. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84. The company has a market capitalization of $88.31 billion, a PE ratio of 20.85, a PEG ratio of 0.78 and a beta of 1.72. The business has a 50 day moving average of $96.28 and a two-hundred day moving average of $98.46. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

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.