HB Wealth Management LLC Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

HB Wealth Management LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 30.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,638 shares of the asset manager’s stock after acquiring an additional 2,708 shares during the quarter. HB Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at approximately $31,000. Raleigh Capital Management Inc. increased its position in shares of KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the period. Eastern Bank purchased a new position in KKR & Co. Inc. in the 3rd quarter worth $34,000. Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth about $40,000. Finally, Bank of New Hampshire purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $45,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR opened at $157.58 on Tuesday. The firm’s fifty day simple moving average is $152.49 and its two-hundred day simple moving average is $134.63. KKR & Co. Inc. has a 52-week low of $80.89 and a 52-week high of $163.68. The company has a market cap of $139.97 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 0.84 and a beta of 1.66. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.73 EPS. Equities 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. Stockholders of record on Monday, November 4th were paid 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 presently 21.28%.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. TD Cowen upped their price target 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. Finally, Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $159.07.

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.