Jackson Square Partners LLC Has $3.56 Million Stock Holdings in KKR & Co. Inc. $KKR

Jackson Square Partners LLC decreased its position in KKR & Co. Inc. (NYSE:KKR) by 13.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,772 shares of the asset manager’s stock after selling 3,984 shares during the period. Jackson Square Partners LLC’s holdings in KKR & Co. Inc. were worth $3,561,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new stake in KKR & Co. Inc. during the 1st quarter worth $844,137,000. Jennison Associates LLC raised its position in shares of KKR & Co. Inc. by 4,918.6% in the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after acquiring an additional 4,306,290 shares during the period. Amundi boosted its stake in KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after purchasing an additional 2,391,434 shares during the period. Finally, Unisphere Establishment grew its holdings in KKR & Co. Inc. by 1,594.5% during the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock valued at $145,946,000 after purchasing an additional 1,187,900 shares during the period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. JMP Securities reissued a “market perform” rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $121.54 on Friday. The stock has a market capitalization of $108.28 billion, a PE ratio of 56.53, a P/E/G ratio of 1.33 and a beta of 1.92. The firm has a fifty day simple moving average of $129.87 and a 200 day simple moving average of $130.67. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

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

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.