KKR & Co. Inc. (NYSE:KKR) Shares Bought by Caldwell Investment Management Ltd.

Caldwell Investment Management Ltd. raised its stake in KKR & Co. Inc. (NYSE:KKR) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 212,400 shares of the asset manager’s stock after purchasing an additional 5,900 shares during the period. KKR & Co. Inc. comprises 21.2% of Caldwell Investment Management Ltd.’s portfolio, making the stock its largest holding. Caldwell Investment Management Ltd.’s holdings in KKR & Co. Inc. were worth $31,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in KKR. ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. in the third quarter valued at about $31,000. Raleigh Capital Management Inc. increased its holdings in KKR & Co. Inc. by 56.7% in the third 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 in the last quarter. Eastern Bank purchased a new position in KKR & Co. Inc. in the third quarter valued at about $34,000. Truvestments Capital LLC purchased a new position in KKR & Co. Inc. in the third quarter valued at about $40,000. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 3.7 %

KKR & Co. Inc. stock opened at $148.93 on Wednesday. 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 firm has a 50-day moving average price of $152.37 and a two-hundred day moving average price of $133.61. The firm has a market capitalization of $132.28 billion, a price-to-earnings ratio of 45.27, a PEG ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a 52-week low of $80.20 and a 52-week high of $163.68.

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, topping analysts’ consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion during 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 business posted $0.73 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business 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 0.47%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KKR. The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Barclays raised their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley lifted their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $159.07.

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.