KKR & Co. Inc. (NYSE:KKR) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

KKR & Co. Inc. (NYSE:KKR) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $96.83 and traded as high as $99.74. KKR & Co. Inc. shares last traded at $97.9270, with a volume of 4,364,813 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KKR. BNP Paribas Exane decreased their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. HSBC cut their price objective 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. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. The Goldman Sachs Group reduced their target price on KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Finally, UBS Group decreased their target price on KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.58.

KKR & Co. Inc. Price Performance

The stock has a 50 day moving average of $96.83 and a 200-day moving average of $98.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $87.90 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 0.71 and a beta of 1.83.

Insider Buying and Selling at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value 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 trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of large investors have recently bought and sold shares of KKR. Silvant Capital Management LLC purchased a new position in shares of KKR & Co. Inc. in the second quarter valued at approximately $34,000. Compass Financial Management LLC increased its position in shares of KKR & Co. Inc. by 133.9% during the third quarter. Compass Financial Management LLC now owns 407 shares of the asset manager’s stock worth $37,000 after purchasing an additional 233 shares in the last quarter. Global Assets Advisory LLC acquired a new position in KKR & Co. Inc. in the 1st quarter valued at $46,000. Eastern Bank raised its stake in KKR & Co. Inc. by 28.1% in the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock valued at $50,000 after purchasing an additional 120 shares during the last quarter. Finally, Heritage Family Offices LLP acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.