Mission Wealth Management LP bought a new stake in shares of KKR & Co Inc (NYSE:KKR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 12,000 shares of the asset manager’s stock, valued at approximately $412,000.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of KKR & Co Inc by 1.7% during the 2nd quarter. Principal Financial Group Inc. now owns 23,292,540 shares of the asset manager’s stock valued at $719,274,000 after acquiring an additional 385,340 shares during the last quarter. Johnson Investment Counsel Inc. bought a new stake in shares of KKR & Co Inc during the 2nd quarter valued at $235,000. Wellington Shields & Co. LLC bought a new stake in shares of KKR & Co Inc during the 2nd quarter valued at $210,000. SRS Capital Advisors Inc. increased its position in shares of KKR & Co Inc by 196.0% in the 2nd quarter. SRS Capital Advisors Inc. now owns 2,821 shares of the asset manager’s stock valued at $87,000 after buying an additional 1,868 shares in the last quarter. Finally, CWM LLC increased its position in shares of KKR & Co Inc by 71.5% in the 2nd quarter. CWM LLC now owns 1,809 shares of the asset manager’s stock valued at $56,000 after buying an additional 754 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

In other news, major shareholder Kkr Group Partnership L.P. sold 5,000,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $98.00, for a total transaction of $490,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 39.34% of the company’s stock.

KKR & Co Inc stock opened at $36.94 on Friday. The firm has a 50-day moving average of $35.20 and a 200-day moving average of $31.12. KKR & Co Inc has a one year low of $15.55 and a one year high of $37.33. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $20.65 billion, a price-to-earnings ratio of 136.81 and a beta of 1.42.

KKR & Co Inc (NYSE:KKR) last posted its quarterly earnings data on Tuesday, August 4th. The asset manager reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $420.68 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that KKR & Co Inc will post 1.56 earnings per share for the current year.

KKR has been the subject of a number of recent analyst reports. Citigroup restated a “focus list” rating on shares of KKR & Co Inc in a research report on Wednesday, August 5th. Morgan Stanley upped their price objective on shares of KKR & Co Inc from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co Inc from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Oppenheimer upped their price objective on shares of KKR & Co Inc from $34.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Credit Suisse Group upped their price objective on shares of KKR & Co Inc from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. KKR & Co Inc has an average rating of “Buy” and a consensus price target of $37.15.

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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