Brandywine Global Investment Management LLC lifted its holdings in shares of KKR & Co Inc (NYSE:KKR) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,631,574 shares of the asset manager’s stock after purchasing an additional 335,357 shares during the period. KKR & Co Inc comprises approximately 1.1% of Brandywine Global Investment Management LLC’s investment portfolio, making the stock its 18th largest holding. Brandywine Global Investment Management LLC owned 1.43% of KKR & Co Inc worth $149,808,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Bank & Trust bought a new stake in shares of KKR & Co Inc during the 4th quarter worth $28,000. Westside Investment Management Inc. bought a new stake in shares of KKR & Co Inc during the 4th quarter worth $39,000. Massey Quick Simon & CO. LLC bought a new stake in shares of KKR & Co Inc during the 4th quarter worth $67,000. We Are One Seven LLC bought a new stake in shares of KKR & Co Inc during the 4th quarter worth $80,000. Finally, Penserra Capital Management LLC bought a new stake in shares of KKR & Co Inc during the 4th quarter worth $83,000. Institutional investors own 72.85% of the company’s stock.
A number of research firms have recently commented on KKR. Zacks Investment Research cut KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, December 28th. Citigroup decreased their price objective on KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, December 19th. Goldman Sachs Group lowered KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a report on Friday, January 4th. Finally, Morgan Stanley set a $22.00 price objective on KKR & Co Inc and gave the stock a “hold” rating in a report 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 company’s stock. The company has an average rating of “Buy” and an average target price of $30.11.
Shares of KKR opened at $24.16 on Friday. KKR & Co Inc has a fifty-two week low of $18.30 and a fifty-two week high of $28.73. The stock has a market capitalization of $12.89 billion, a P/E ratio of 12.52, a PEG ratio of 3.07 and a beta of 1.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.94.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Friday, February 1st. The asset manager reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. KKR & Co Inc had a return on equity of 6.86% and a net margin of 48.08%. The company had revenue of $541.58 million during the quarter, compared to analyst estimates of $489.48 million. During the same quarter last year, the firm posted $0.45 EPS. Sell-side analysts expect that KKR & Co Inc will post 1.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Monday, February 11th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.07%. The ex-dividend date was Friday, February 8th. KKR & Co Inc’s dividend payout ratio (DPR) is currently 25.91%.
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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, lower middle market and middle market investments.
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