Aviva PLC, a global insurance company, has increased its holdings in KKR & Co. Inc. by 34.0% during the first quarter of this year, according to a recent filing with the Securities and Exchange Commission (SEC). Aviva PLC now owns 572,668 shares of KKR & Co. Inc., representing 0.07% of the asset manager’s stock, after purchasing an additional 145,183 shares.
This move by Aviva PLC indicates growing interest in investing in KKR & Co. Inc., a leading global investment firm with operations in private equity, real estate, energy, infrastructure, credit strategies, and hedge funds. The value of Aviva PLC’s ownership in KKR & Co. Inc. is estimated at $30,077,000 as of the most recent SEC filing.
Several analysts have also recently reported on the performance and prospects of KKR & Co. Inc. Morgan Stanley raised their target price for the company’s shares from $59.00 to $63.00 and assigned them an “equal weight” rating in a report published on August 9th this year. Similarly, BMO Capital Markets upped their target price from $72.00 to $74.00 and gave the stock an “outperform” rating on August 8th. Barclays also increased their target price from $68.00 to $73.00 and gave the stock an “overweight” rating on the same day.
Oppenheimer went even further by raising their target price for KKR & Co. Inc.’s shares from $88.00 to $91.00 and rated them as “outperform” on August 8th as well.
However, it’s worth noting that one equities research analyst has given a sell rating for KKR & Co Inc.’s stock, while two others have rated it as hold.
According to Bloomberg.com, the average rating for the stock is “Moderate Buy,” and the consensus target price stands at $71.04.
As of September 2, 2023, shares of KKR & Co. Inc. were trading at $62.62 on the New York Stock Exchange (NYSE). The trading volume on that day saw 166,176 shares exchanged, in line with its average volume of 3,040,975 shares.
The company has a current ratio of 0.07 and a quick ratio of 0.07, indicating strong liquidity. Its debt-to-equity ratio stands at 0.78, demonstrating a conservative approach to leverage.
Over the past year, KKR & Co. Inc.’s stock price has ranged from a low of $41.77 to a high of $63.64. With a market capitalization of $53.71 billion and a price-earnings (P/E) ratio of 49.08, the firm remains well-positioned in the market.
Furthermore, KKR & Co., Inc.’s P/E/G ratio stands at 1.75—a measure that considers both earnings growth and valuation—in order to evaluate the investment potential.
The company’s beta is calculated at 1.52, implying that it is likely to be more volatile than the overall market.
With these figures in mind and considering Aviva PLC’s increased stake in KKR & Co., Inc., it will be interesting to observe how this investment pans out in light of market trends and conditions going forward.
Overall, investors should keep an eye on KKR & Co., Inc., as it continues to attract attention from analysts and industry experts alike while making significant strides in its performance within the investment management sector.
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institutional investors demonstrate confidence in KKR’s potential for growth
KKR & Co. Inc., a global investment firm headquartered in New York, has been making headlines recently with its notable investments and transactions. Several institutional investors and hedge funds have been actively buying and selling shares of KKR, demonstrating confidence in the company’s potential for growth.
T. Rowe Price Investment Management Inc., one of the leading investment firms, increased its holdings in KKR by a staggering 54.5% during the fourth quarter, acquiring an additional 9,192,928 shares valued at $1,209,457,000. Similarly, Norges Bank bought a new stake in KKR during the same period worth $258,688,000. Renaissance Technologies LLC also joined the bandwagon by purchasing a new stake in the company valued at $135,437,000 in the first quarter of this year.
Goldman Sachs Group Inc., another major player in the financial industry, demonstrated its confidence in KKR by increasing its holdings by 49.6% during the first quarter. This move resulted in Goldman Sachs owning approximately 2,809,818 shares valued at $164,290,000. Principal Financial Group Inc., renowned for its asset management expertise and services expanded its holdings by 3.5% during the same period and now owns around 24,930,947 shares worth $1,309,373,000.
These investments from various institutional investors showcase their belief in KKR’s capabilities and prospects for growth and success going forward.
In further news related to KKR & Co. Inc., major shareholder Kkr Alternative Assets Llc made a significant purchase of 459
