DNB Asset Management AS acquired a new stake in shares of KKR & Co Inc (NYSE:KKR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 198,466 shares of the asset manager’s stock, valued at approximately $5,412,000.
A number of other institutional investors have also recently bought and sold shares of the stock. PM CAPITAL Ltd purchased a new stake in KKR & Co Inc during the third quarter valued at $42,284,000. Smith Shellnut Wilson LLC ADV purchased a new stake in KKR & Co Inc during the third quarter valued at $269,000. Franklin Street Advisors Inc. NC purchased a new stake in KKR & Co Inc during the third quarter valued at $474,000. Walnut Private Equity Partners LLC purchased a new stake in KKR & Co Inc during the third quarter valued at $11,951,000. Finally, Moon Capital Management LLC purchased a new stake in KKR & Co Inc during the third quarter valued at $2,870,000. Institutional investors own 62.37% of the company’s stock.
Shares of KKR opened at $24.49 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 1.41 and a beta of 1.61. KKR & Co Inc has a 52 week low of $18.74 and a 52 week high of $28.73.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $391.74 million. KKR & Co Inc had a return on equity of 7.34% and a net margin of 39.10%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 earnings per share. As a group, research analysts anticipate that KKR & Co Inc will post 1.65 earnings per share for the current fiscal year.
A number of analysts recently commented on KKR shares. Zacks Investment Research cut KKR & Co Inc from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 24th. Oppenheimer set a $35.00 price objective on KKR & Co Inc and gave the company a “buy” rating in a research report on Wednesday, September 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 price objective on shares of KKR & Co Inc in a research report on Friday, July 27th. Bank of America cut KKR & Co Inc from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Wednesday. Finally, Deutsche Bank reduced their price objective on KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. KKR & Co Inc has a consensus rating of “Buy” and a consensus target price of $30.45.
In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 1,742,007 shares of the company’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $38.26, for a total value of $66,649,187.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders acquired 130,656 shares of company stock valued at $1,914,185 and sold 15,225,220 shares valued at $533,613,038.
KKR & Co Inc Company 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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