CI Investments Inc. grew its position in KKR & Co Inc (NYSE:KKR) by 79.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,401,900 shares of the asset manager’s stock after acquiring an additional 619,900 shares during the period. CI Investments Inc.’s holdings in KKR & Co Inc were worth $38,230,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Edge Wealth Management LLC purchased a new stake in shares of KKR & Co Inc in the third quarter valued at about $104,000. Financial Architects Inc acquired a new stake in shares of KKR & Co Inc in the third quarter valued at about $106,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of KKR & Co Inc in the second quarter valued at about $137,000. Duncker Streett & Co. Inc. acquired a new stake in shares of KKR & Co Inc in the third quarter valued at about $160,000. Finally, Baldwin Brothers Inc. MA acquired a new stake in shares of KKR & Co Inc in the third quarter valued at about $164,000. 73.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of KKR opened at $19.80 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.82. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.94 and a beta of 1.61. 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 announced its earnings results on Thursday, October 25th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $401.39 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.95%. As a group, research analysts anticipate that KKR & Co Inc will post 1.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Friday, November 2nd. KKR & Co Inc’s payout ratio is currently 21.01%.

Several brokerages recently commented on KKR. Deutsche Bank reduced their price objective on shares of KKR & Co Inc from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, November 16th. ValuEngine cut shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Morgan Stanley reduced their price objective on shares of KKR & Co Inc from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Wednesday, November 14th. Argus upgraded shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $31.33 price objective for the company in a research note on Friday, October 26th. They noted that the move was a valuation call. Finally, Oppenheimer set a $35.00 price objective on shares of KKR & Co Inc and gave the company a “buy” rating in a research note on Thursday, October 25th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $29.87.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of KKR & Co Inc stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $40.20, for a total transaction of $404,181,211.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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KKR & Co Inc Profile

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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