Pennsylvania Trust Co Takes $1.14 Million Position in KKR & Co Inc (KKR)

Pennsylvania Trust Co acquired a new position in shares of KKR & Co Inc (NYSE:KKR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,144 shares of the asset manager’s stock, valued at approximately $1,142,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Macquarie Group Ltd. increased its stake in KKR & Co Inc by 14.9% during the 4th quarter. Macquarie Group Ltd. now owns 7,846,835 shares of the asset manager’s stock valued at $154,033,000 after purchasing an additional 1,015,539 shares in the last quarter. Focused Wealth Management Inc increased its stake in KKR & Co Inc by 1.0% during the 4th quarter. Focused Wealth Management Inc now owns 63,083 shares of the asset manager’s stock valued at $1,238,000 after purchasing an additional 645 shares in the last quarter. Vanguard Group Inc acquired a new position in KKR & Co Inc during the 3rd quarter valued at approximately $1,027,380,000. Clearbridge Investments LLC increased its stake in KKR & Co Inc by 36.3% during the 3rd quarter. Clearbridge Investments LLC now owns 118,101 shares of the asset manager’s stock valued at $3,221,000 after purchasing an additional 31,440 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in KKR & Co Inc by 13.4% during the 4th quarter. Brown Advisory Inc. now owns 2,474,095 shares of the asset manager’s stock valued at $48,567,000 after purchasing an additional 291,520 shares in the last quarter. Hedge funds and other institutional investors own 73.02% of the company’s stock.

A number of research analysts have issued reports on the stock. Sanford C. Bernstein lowered shares of KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 2nd. Zacks Investment Research lowered shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Morgan Stanley set a $22.00 price target on shares of KKR & Co Inc and gave the company a “hold” rating in a research note on Friday, January 4th. Finally, Goldman Sachs Group lowered shares of KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. KKR & Co Inc presently has an average rating of “Buy” and an average price target of $30.03.

KKR stock opened at $24.56 on Friday. The firm has a market capitalization of $13.27 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 3.40 and a beta of 1.67. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.94. KKR & Co Inc has a 12 month low of $18.30 and a 12 month high of $28.73.

KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Friday, February 1st. The asset manager reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. The business had revenue of $541.58 million for the quarter, compared to the consensus estimate of $489.48 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.86%. During the same period in the prior year, the firm earned $0.45 EPS. On average, research analysts expect that KKR & Co Inc will post 1.7 EPS for the current fiscal year.

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KKR & Co Inc 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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