KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Brooklyn Investment Group

Brooklyn Investment Group boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,326 shares of the asset manager’s stock after purchasing an additional 162 shares during the quarter. Brooklyn Investment Group’s holdings in KKR & Co. Inc. were worth $196,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. lifted its position in shares of KKR & Co. Inc. by 56.7% during 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. ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth $31,000. Eastern Bank purchased a new stake in KKR & Co. Inc. in the third quarter valued at $34,000. Bank of New Hampshire acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $45,000. Finally, Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth about $40,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on KKR. JMP Securities boosted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods decreased their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Barclays lifted their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Trading Up 2.8 %

NYSE:KKR opened at $157.58 on Friday. KKR & Co. Inc. has a 1 year low of $80.89 and a 1 year high of $163.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a fifty day moving average price of $152.49 and a two-hundred day moving average price of $134.43. The stock has a market capitalization of $139.97 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 0.84 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.73 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

KKR & Co. Inc. Company Profile

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.