US Bancorp DE Has $620,000 Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

US Bancorp DE lessened its stake in Kyndryl Holdings, Inc. (NYSE:KD) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,930 shares of the company’s stock after selling 390 shares during the quarter. US Bancorp DE’s holdings in Kyndryl were worth $620,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KD. UMB Bank n.a. grew its holdings in shares of Kyndryl by 27.1% during the fourth quarter. UMB Bank n.a. now owns 1,916 shares of the company’s stock worth $66,000 after purchasing an additional 408 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Kyndryl by 27.5% during the 4th quarter. Fifth Third Bancorp now owns 2,299 shares of the company’s stock worth $80,000 after buying an additional 496 shares in the last quarter. IFP Advisors Inc raised its position in shares of Kyndryl by 56.4% during the fourth quarter. IFP Advisors Inc now owns 2,457 shares of the company’s stock worth $85,000 after purchasing an additional 886 shares during the period. GAMMA Investing LLC raised its position in shares of Kyndryl by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 2,999 shares of the company’s stock worth $104,000 after purchasing an additional 580 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Kyndryl by 983.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,109 shares of the company’s stock valued at $108,000 after buying an additional 2,822 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Trading Up 1.2 %

NYSE KD opened at $34.30 on Wednesday. Kyndryl Holdings, Inc. has a 12 month low of $19.24 and a 12 month high of $43.61. The stock has a market cap of $7.98 billion, a P/E ratio of 62.35, a P/E/G ratio of 10.84 and a beta of 1.85. The stock’s fifty day moving average price is $38.48 and its 200-day moving average price is $31.41. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.55.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KD shares. Susquehanna increased their price target on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a research report on Wednesday, February 5th. Oppenheimer boosted their target price on Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Finally, Bank of America started coverage on Kyndryl in a report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company.

Insider Activity

In related news, General Counsel Edward Sebold sold 27,500 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $42.83, for a total transaction of $1,177,825.00. Following the completion of the sale, the general counsel now owns 132,818 shares in the company, valued at approximately $5,688,594.94. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of Kyndryl stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total value of $2,374,456.65. Following the completion of the transaction, the senior vice president now owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. This trade represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Kyndryl Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.