1,549 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by American Trust

American Trust purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the third quarter, HoldingsChannel.com reports. The firm purchased 1,549 shares of the asset manager’s stock, valued at approximately $202,000.

Several other institutional investors also recently made changes to their positions in the stock. Dudley Capital Management LLC raised its position in shares of KKR & Co. Inc. by 2.7% in the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock worth $404,000 after buying an additional 80 shares during the period. FWG Holdings LLC raised its holdings in shares of KKR & Co. Inc. by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock worth $717,000 after purchasing an additional 80 shares during the period. Sigma Planning Corp lifted its stake in shares of KKR & Co. Inc. by 1.3% in the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after purchasing an additional 81 shares in the last quarter. Connable Office Inc. grew its holdings in shares of KKR & Co. Inc. by 0.4% during the 3rd quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock worth $2,522,000 after purchasing an additional 82 shares during the period. Finally, OLD National Bancorp IN grew its holdings in shares of KKR & Co. Inc. by 1.3% during the 3rd quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock worth $846,000 after purchasing an additional 85 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $154.34 on Friday. KKR & Co. Inc. has a 52 week low of $78.95 and a 52 week high of $163.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $137.09 billion, a P/E ratio of 46.91, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The stock has a 50 day moving average of $147.64 and a 200-day moving average of $126.82.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for 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 period in the prior year, the firm posted $0.73 EPS. On average, analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Analysts Set New Price Targets

A number of research analysts have weighed in on KKR shares. Barclays lifted their price target on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday. HSBC assumed coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective on the stock. Finally, Oppenheimer increased their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

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.