Heartwood Wealth Advisors LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Heartwood Wealth Advisors LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,667 shares of the asset manager’s stock, valued at approximately $247,000.

A number of other hedge funds have also modified their holdings of the business. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the third quarter worth $31,000. Raleigh Capital Management Inc. raised its holdings 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 buying an additional 85 shares during the period. Eastern Bank acquired a new position in KKR & Co. Inc. during the 3rd quarter worth about $34,000. Y.D. More Investments Ltd acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at about $38,000. Finally, Truvestments Capital LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $40,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KKR has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Trading Down 4.6 %

Shares of KKR & Co. Inc. stock traded down $6.80 during trading hours on Friday, reaching $141.44. 2,343,426 shares of the company’s stock were exchanged, compared to its average volume of 2,775,281. KKR & Co. Inc. has a 52-week low of $80.20 and a 52-week high of $163.68. The company has a fifty day moving average of $152.12 and a 200-day moving average of $132.49. 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 firm has a market capitalization of $125.63 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates 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. Sell-side analysts forecast that KKR & Co. Inc. will post 4.16 EPS 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. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.49%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

KKR & Co. Inc. 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.