Advisor Group Inc. reduced its stake in KKR & Co Inc (NYSE:KKR) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,578 shares of the asset manager’s stock after selling 1,918 shares during the period. Advisor Group Inc.’s holdings in KKR & Co Inc were worth $895,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KKR. Vanguard Group Inc bought a new position in shares of KKR & Co Inc in the 3rd quarter worth $1,027,380,000. Jackson Square Partners LLC raised its stake in KKR & Co Inc by 8,686.8% during 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 during the period. BlackRock Inc. raised its stake in KKR & Co Inc by 1,718.7% during 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 during the period. Pzena Investment Management LLC raised its stake in KKR & Co Inc by 1,363.6% during 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 during the period. Finally, Macquarie Group Ltd. acquired a new stake in KKR & Co Inc during the 3rd quarter worth $186,289,000. Institutional investors and hedge funds own 72.85% of the company’s stock.

NYSE:KKR opened at $24.16 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $12.89 billion, a P/E ratio of 12.52, a P/E/G ratio of 3.07 and a beta of 1.66. KKR & Co Inc has a 52-week low of $18.30 and a 52-week high of $28.73.

KKR & Co Inc (NYSE:KKR) last released its earnings results on Friday, February 1st. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business had revenue of $541.58 million for the quarter, compared to the consensus estimate of $489.48 million. KKR & Co Inc had a return on equity of 6.86% and a net margin of 48.08%. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, analysts anticipate that KKR & Co Inc will post 1.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Monday, February 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, February 8th. KKR & Co Inc’s dividend payout ratio is currently 25.91%.

KKR has been the topic of several recent research reports. Zacks Investment Research downgraded KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, December 28th. Citigroup dropped their price target on KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, December 19th. Morgan Stanley set a $22.00 price target on KKR & Co Inc and gave the company a “hold” rating in a research note on Friday, January 4th. Finally, Goldman Sachs Group downgraded KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $30.11.

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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, lower middle market and middle market investments.

Further Reading: Depreciation

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

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