By otakuyassine3@gmail.com 
Pines Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,994 shares of the asset manager’s stock, valued at approximately $563,000.
Other large investors also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at $31,000. Raleigh Capital Management Inc. boosted its stake in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares during the last quarter. Eastern Bank purchased a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Truvestments Capital LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $40,000. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.
KKR & Co. Inc. Stock Performance
KKR & Co. Inc. stock opened at $143.48 on Wednesday. The firm has a market capitalization of $127.44 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a one year low of $80.20 and a one year high of $163.68. The stock’s 50 day moving average price is $152.37 and its 200 day moving average price is $133.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the previous year, the company posted $0.73 earnings per share. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.
KKR & Co. Inc. Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.49%. KKR & Co. Inc.’s payout ratio is currently 21.28%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on KKR shares. TD Cowen boosted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. HSBC started coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.
Check Out Our Latest Research Report on KKR & Co. Inc.
About KKR & Co. Inc.
KKR & Co Inc 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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