Cassaday & Co Wealth Management LLC Takes $571,000 Position in KKR & Co. Inc. $KKR

Cassaday & Co Wealth Management LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,289 shares of the asset manager’s stock, valued at approximately $571,000.

A number of other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC raised its position in shares of KKR & Co. Inc. by 332.6% in the second quarter. NewSquare Capital LLC now owns 610 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 469 shares during the period. Huntington National Bank raised its position in shares of KKR & Co. Inc. by 4.6% in the second quarter. Huntington National Bank now owns 5,153 shares of the asset manager’s stock valued at $685,000 after purchasing an additional 226 shares during the period. Next Capital Management LLC raised its position in shares of KKR & Co. Inc. by 16.6% in the second quarter. Next Capital Management LLC now owns 20,273 shares of the asset manager’s stock valued at $2,697,000 after purchasing an additional 2,886 shares during the period. Lynwood Price Capital Management LP raised its position in shares of KKR & Co. Inc. by 12.7% in the second quarter. Lynwood Price Capital Management LP now owns 164,000 shares of the asset manager’s stock valued at $21,817,000 after purchasing an additional 18,500 shares during the period. Finally, Obermeyer Wealth Partners raised its position in shares of KKR & Co. Inc. by 34.1% in the second quarter. Obermeyer Wealth Partners now owns 5,699 shares of the asset manager’s stock valued at $758,000 after purchasing an additional 1,450 shares during the period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. JMP Securities restated a “market perform” rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Citigroup dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Oppenheimer dropped their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.27.

KKR & Co. Inc. Trading Up 0.4%

Shares of KKR & Co. Inc. stock opened at $118.12 on Wednesday. The firm has a market capitalization of $105.24 billion, a PE ratio of 54.94, a price-to-earnings-growth ratio of 1.33 and a beta of 1.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company’s fifty day moving average price is $131.07 and its two-hundred day moving average price is $130.67. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Profile

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.