Peapack Gladstone Financial Corp Has $400,000 Position in KKR & Co. Inc. (NYSE:KKR)

Peapack Gladstone Financial Corp trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,057 shares of the asset manager’s stock after selling 534 shares during the period. Peapack Gladstone Financial Corp’s holdings in KKR & Co. Inc. were worth $400,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Dudley Capital Management LLC increased its stake in KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after purchasing an additional 80 shares in the last quarter. FWG Holdings LLC grew 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 valued at $717,000 after buying an additional 80 shares during the period. Sigma Planning Corp increased its position 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 buying an additional 81 shares in the last quarter. Connable Office Inc. lifted its holdings in KKR & Co. Inc. by 0.4% during the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock worth $2,522,000 after acquiring an additional 82 shares in the last quarter. Finally, OLD National Bancorp IN lifted its holdings in KKR & Co. Inc. by 1.3% during the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock worth $846,000 after acquiring an additional 85 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KKR shares. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. 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. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, StockNews.com raised shares of 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 issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

KKR & Co. Inc. Stock Up 1.2 %

NYSE:KKR opened at $156.13 on Tuesday. KKR & Co. Inc. has a twelve month low of $78.95 and a twelve month high of $163.68. The firm has a market capitalization of $138.68 billion, a price-to-earnings ratio of 47.46, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average price is $148.14 and its two-hundred day moving average price is $127.51.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping 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 business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company earned $0.73 earnings per share. Equities research analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued 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 dividend yield of 0.45%. KKR & Co. Inc.’s payout ratio is 21.28%.

KKR & Co. Inc. Company Profile

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.