Bronfman E.L. Rothschild L.P. acquired a new position in KKR & Co Inc (NYSE:KKR) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 4,629 shares of the asset manager’s stock, valued at approximately $126,000.

Several other institutional investors have also added to or reduced their stakes in KKR. Jackson Square Partners LLC boosted its position in shares of KKR & Co Inc by 8,686.8% in the 3rd quarter. Jackson Square Partners LLC now owns 22,946,175 shares of the asset manager’s stock worth $625,742,000 after buying an additional 22,685,031 shares in the last quarter. Vulcan Value Partners LLC purchased a new stake in shares of KKR & Co Inc in the 2nd quarter worth about $388,743,000. BlackRock Inc. boosted its position in shares of KKR & Co Inc by 1,718.7% in the 3rd quarter. BlackRock Inc. now owns 11,093,462 shares of the asset manager’s stock worth $302,519,000 after buying an additional 10,483,481 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of KKR & Co Inc by 1,363.6% in the 3rd quarter. Pzena Investment Management LLC now owns 9,382,203 shares of the asset manager’s stock worth $255,853,000 after buying an additional 8,741,173 shares in the last quarter. Finally, Akre Capital Management LLC boosted its position in shares of KKR & Co Inc by 108.3% in the 2nd quarter. Akre Capital Management LLC now owns 10,000,000 shares of the asset manager’s stock worth $248,500,000 after buying an additional 5,200,000 shares in the last quarter. Institutional investors and hedge funds own 73.65% of the company’s stock.

KKR has been the topic of several recent research reports. Oppenheimer set a $35.00 price objective on shares of KKR & Co Inc and gave the stock a “buy” rating in a research report on Thursday, October 25th. Argus upgraded shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $31.33 price objective on the stock in a research report on Friday, October 26th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of KKR & Co Inc from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Deutsche Bank decreased their price objective on shares of KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, October 11th. Finally, Bank of America lowered shares of KKR & Co Inc from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research report on Wednesday, October 10th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $29.87.

NYSE:KKR opened at $21.00 on Friday. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.95 and a beta of 1.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.01 and a current ratio of 1.01. KKR & Co Inc has a 12-month low of $19.37 and a 12-month high of $28.73.

KKR & Co Inc (NYSE:KKR) last released its earnings results on Thursday, October 25th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. The company had revenue of $491.50 million for the quarter, compared to analyst estimates of $401.39 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.95%. Analysts forecast that KKR & Co Inc will post 1.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th were issued a $0.125 dividend. The ex-dividend date was Friday, November 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 2.38%. KKR & Co Inc’s dividend payout ratio (DPR) is 21.01%.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $40.20, for a total value of $404,181,211.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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About KKR & Co Inc

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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