Rathbones Group PLC Has $97.83 Million Stake in KKR & Co. Inc. $KKR

Rathbones Group PLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 11.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 735,396 shares of the asset manager’s stock after purchasing an additional 78,210 shares during the period. Rathbones Group PLC owned approximately 0.08% of KKR & Co. Inc. worth $97,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of KKR & Co. Inc. by 83.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,397 shares of the asset manager’s stock worth $2,048,000 after buying an additional 6,991 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of KKR & Co. Inc. by 8.0% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,248,679 shares of the asset manager’s stock valued at $166,112,000 after acquiring an additional 92,168 shares in the last quarter. Aviva PLC increased its position in KKR & Co. Inc. by 6.6% during the second quarter. Aviva PLC now owns 465,380 shares of the asset manager’s stock worth $61,910,000 after acquiring an additional 28,998 shares during the period. AE Wealth Management LLC raised its stake in KKR & Co. Inc. by 36.5% in the 2nd quarter. AE Wealth Management LLC now owns 89,449 shares of the asset manager’s stock worth $11,899,000 after purchasing an additional 23,906 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its holdings in KKR & Co. Inc. by 50.9% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 7,854 shares of the asset manager’s stock valued at $1,045,000 after purchasing an additional 2,650 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 1.9%

NYSE KKR opened at $121.54 on Friday. The business has a fifty day moving average price of $129.87 and a two-hundred day moving average price of $130.87. The stock has a market capitalization of $108.28 billion, a PE ratio of 56.53, a PEG ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the company posted $1.38 EPS. Equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on KKR shares. Barclays raised their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Keefe, Bruyette & Woods raised their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Finally, BMO Capital Markets assumed coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.27.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.