Private Advisor Group LLC Cuts Holdings in KKR & Co Inc (NYSE:KKR)

Private Advisor Group LLC trimmed its holdings in shares of KKR & Co Inc (NYSE:KKR) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,100 shares of the asset manager’s stock after selling 3,797 shares during the period. Private Advisor Group LLC’s holdings in KKR & Co Inc were worth $938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Clearbridge Investments LLC boosted its stake in shares of KKR & Co Inc by 46.9% in the 1st quarter. Clearbridge Investments LLC now owns 353,143 shares of the asset manager’s stock worth $8,295,000 after buying an additional 112,827 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of KKR & Co Inc by 40.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,129,037 shares of the asset manager’s stock worth $26,521,000 after buying an additional 324,004 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of KKR & Co Inc in the 1st quarter worth $176,000. PenderFund Capital Management Ltd. boosted its stake in shares of KKR & Co Inc by 24.0% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 614,940 shares of the asset manager’s stock worth $16,634,000 after buying an additional 119,000 shares during the last quarter. Finally, Flinton Capital Management LLC purchased a new position in shares of KKR & Co Inc in the 2nd quarter worth $306,000. Institutional investors and hedge funds own 76.79% of the company’s stock.

KKR & Co Inc stock traded down $0.28 during trading on Tuesday, reaching $29.17. The company had a trading volume of 1,705,055 shares, compared to its average volume of 2,484,179. KKR & Co Inc has a 52 week low of $18.30 and a 52 week high of $29.70. The firm’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $24.83. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 8.45 and a beta of 1.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.92.



KKR & Co Inc (NYSE:KKR) last announced its earnings results on Thursday, July 25th. The asset manager reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. The company had revenue of $528.00 million during the quarter, compared to the consensus estimate of $445.34 million. During the same period in the prior year, the business posted $0.49 earnings per share. KKR & Co Inc’s revenue for the quarter was up 32.7% compared to the same quarter last year. On average, analysts predict that KKR & Co Inc will post 1.67 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. Bank of America upgraded KKR & Co Inc from a “neutral” rating to a “buy” rating in a research note on Monday. Barclays assumed coverage on KKR & Co Inc in a research note on Monday, August 5th. They issued an “equal weight” rating and a $29.00 price target on the stock. ValuEngine upgraded KKR & Co Inc from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Zacks Investment Research upgraded KKR & Co Inc from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, September 17th. Finally, Citigroup set a $34.00 price target on KKR & Co Inc and gave the stock a “buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $30.03.

In related news, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr bought 2,647,100 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was bought at an average cost of $17.00 per share, for a total transaction of $45,000,700.00. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

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

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