Jackson Square Partners LLC boosted its position in shares of KKR & Co Inc (NYSE:KKR) by 3.4% in the 1st quarter, HoldingsChannel reports. The fund owned 28,899,959 shares of the asset manager’s stock after acquiring an additional 937,164 shares during the period. KKR & Co Inc accounts for about 3.7% of Jackson Square Partners LLC’s portfolio, making the stock its 4th biggest holding. Jackson Square Partners LLC owned approximately 0.05% of KKR & Co Inc worth $678,860,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of KKR & Co Inc by 29.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,212 shares of the asset manager’s stock worth $52,000 after buying an additional 497 shares during the last quarter. ETF Managers Group LLC raised its position in KKR & Co Inc by 9.4% in the 1st quarter. ETF Managers Group LLC now owns 7,144 shares of the asset manager’s stock valued at $168,000 after purchasing an additional 612 shares during the last quarter. SOL Capital Management CO raised its position in KKR & Co Inc by 0.4% in the 1st quarter. SOL Capital Management CO now owns 165,475 shares of the asset manager’s stock valued at $3,887,000 after purchasing an additional 700 shares during the last quarter. Allen Investment Management LLC raised its position in KKR & Co Inc by 1.5% in the 1st quarter. Allen Investment Management LLC now owns 50,471 shares of the asset manager’s stock valued at $1,186,000 after purchasing an additional 755 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. raised its position in KKR & Co Inc by 1.4% in the 1st quarter. Pinnacle Financial Partners Inc. now owns 61,877 shares of the asset manager’s stock valued at $1,454,000 after purchasing an additional 877 shares during the last quarter. Institutional investors own 76.52% of the company’s stock.
KKR & Co Inc stock traded down $0.04 during trading hours on Wednesday, reaching $24.00. 53,081 shares of the stock were exchanged, compared to its average volume of 3,644,304. The company has a market cap of $12.95 billion, a P/E ratio of 12.40, a PEG ratio of 6.90 and a beta of 1.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.00 and a current ratio of 1.00. KKR & Co Inc has a 52-week low of $18.30 and a 52-week high of $28.73.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.08%. KKR & Co Inc’s payout ratio is currently 25.91%.
In other news, General Counsel David Sorkin sold 100,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $24.15, for a total transaction of $2,415,000.00. Following the transaction, the general counsel now directly owns 107,072 shares of the company’s stock, valued at approximately $2,585,788.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 39.34% of the stock is currently owned by corporate insiders.
Several analysts recently commented on the stock. Credit Suisse Group downgraded shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a research report on Tuesday, May 21st. Zacks Investment Research upgraded shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, March 21st. Finally, Sanford C. Bernstein downgraded shares of KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. KKR & Co Inc currently has a consensus rating of “Hold” and a consensus target price of $29.78.
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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.
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