Cibc World Market Inc. significantly increased its stake in KKR & Co. Inc. by 28.3% during the third quarter, bringing its total holdings to 47,761 shares valued at approximately $6.21 million. This move aligns with recent insider buying, as Director Timothy R. Barakett also substantially increased his ownership of KKR stock. Despite a slight EPS miss last quarter, KKR’s revenue saw a strong 76.1% year-over-year increase, and analyst consensus remains a “Moderate Buy” with a target price of $156.57.
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Cibc World Market Inc. Boosts Position in KKR & Co. Inc. $KKR
Cibc World Market Inc. significantly increased its stake in KKR & Co. Inc. by 28.3% during the third quarter, bringing its total holdings to 47,761 shares valued at approximately $6.21 million. This move aligns with recent insider buying, as Director Timothy R. Barakett also substantially increased his ownership of KKR stock. Despite a slight EPS miss last quarter, KKR’s revenue saw a strong 76.1% year-over-year increase, and analyst consensus remains a “Moderate Buy” with a target price of $156.57.