Integrated Investment Consultants LLC Increases Position in KKR & Co. Inc. (NYSE:KKR)

Integrated Investment Consultants LLC increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,736 shares of the asset manager’s stock after buying an additional 327 shares during the quarter. Integrated Investment Consultants LLC’s holdings in KKR & Co. Inc. were worth $848,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KKR. ORG Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $31,000. Raleigh Capital Management Inc. grew its stake in 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 stake in KKR & Co. Inc. in the 3rd quarter worth $34,000. Truvestments Capital LLC acquired a new position in KKR & Co. Inc. during the third quarter worth $40,000. Finally, Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 2.8 %

Shares of KKR & Co. Inc. stock opened at $157.58 on Friday. The stock has a 50 day moving average of $152.49 and a 200 day moving average of $134.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $139.97 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 0.84 and a beta of 1.66. KKR & Co. Inc. has a fifty-two week low of $80.89 and a fifty-two week high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last released 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 business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period in the prior year, the business posted $0.73 EPS. As a group, research analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced 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. This represents a $0.70 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Morgan Stanley boosted their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Cowen boosted their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI raised their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Company Profile

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.