Rothschild Investment Corp IL Buys 3,945 Shares of KKR & Co Inc (KKR)

Rothschild Investment Corp IL grew its stake in shares of KKR & Co Inc (NYSE:KKR) by 8.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 49,693 shares of the asset manager’s stock after purchasing an additional 3,945 shares during the period. Rothschild Investment Corp IL’s holdings in KKR & Co Inc were worth $1,355,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of KKR. Janney Montgomery Scott LLC lifted its stake in KKR & Co Inc by 3.3% in the second quarter. Janney Montgomery Scott LLC now owns 60,422 shares of the asset manager’s stock valued at $1,501,000 after purchasing an additional 1,956 shares during the last quarter. Bollard Group LLC lifted its stake in KKR & Co Inc by 0.8% in the second quarter. Bollard Group LLC now owns 278,476 shares of the asset manager’s stock valued at $6,920,000 after purchasing an additional 2,132 shares during the last quarter. Mutual Advisors LLC lifted its stake in KKR & Co Inc by 12.5% in the second quarter. Mutual Advisors LLC now owns 19,520 shares of the asset manager’s stock valued at $485,000 after purchasing an additional 2,175 shares during the last quarter. North Star Investment Management Corp. lifted its stake in KKR & Co Inc by 1.2% in the second quarter. North Star Investment Management Corp. now owns 276,009 shares of the asset manager’s stock valued at $6,859,000 after purchasing an additional 3,263 shares during the last quarter. Finally, Cacti Asset Management LLC lifted its stake in KKR & Co Inc by 1.6% in the third quarter. Cacti Asset Management LLC now owns 211,630 shares of the asset manager’s stock valued at $5,820,000 after purchasing an additional 3,280 shares during the last quarter. 62.37% of the stock is owned by hedge funds and other institutional investors.

KKR stock traded down $0.09 during midday trading on Wednesday, reaching $25.56. 300,466 shares of the company’s stock traded hands, compared to its average volume of 4,476,619. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. KKR & Co Inc has a 52 week low of $18.74 and a 52 week high of $28.73. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.41 and a beta of 1.61.

KKR & Co Inc (NYSE:KKR) last issued its earnings results on Thursday, July 26th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. KKR & Co Inc had a net margin of 39.10% and a return on equity of 7.34%. The business had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $391.74 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that KKR & Co Inc will post 1.65 EPS for the current year.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr sold 11,452,321 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $38.26, for a total transaction of $438,165,801.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have acquired 130,656 shares of company stock worth $1,914,185 and have sold 15,225,220 shares worth $533,613,038.

Several research firms recently commented on KKR. Oppenheimer set a $35.00 price objective on KKR & Co Inc and gave the company a “buy” rating in a research note on Tuesday, July 24th. Citigroup upped their price objective on KKR & Co Inc from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, July 10th. Deutsche Bank dropped their price objective on KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, October 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 price objective on shares of KKR & Co Inc in a research note on Friday, July 27th. Finally, Zacks Investment Research upgraded KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. KKR & Co Inc presently has a consensus rating of “Buy” and an average price target of $30.25.

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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