KKR & Co. Inc. (NYSE:KKR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 10.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,595 shares of the asset manager’s stock after buying an additional 973 shares during the quarter. GAMMA Investing LLC’s holdings in KKR & Co. Inc. were worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in KKR. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at approximately $31,000. Raleigh Capital Management Inc. lifted its stake 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 during the last quarter. Eastern Bank acquired a new position in shares of KKR & Co. Inc. during the third quarter valued at $34,000. Farmers & Merchants Investments Inc. bought a new position in shares of KKR & Co. Inc. during the second quarter worth about $38,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth about $38,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 1.9 %

Shares of KKR & Co. Inc. stock opened at $152.03 on Friday. KKR & Co. Inc. has a 12-month low of $79.53 and a 12-month high of $163.68. The firm has a market capitalization of $135.04 billion, a PE ratio of 46.21, a price-to-earnings-growth ratio of 1.22 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 fifty day moving average is $151.42 and its 200-day moving average is $131.43.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $0.73 EPS. Equities analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

Analysts Set New Price Targets

Several research firms have commented on KKR. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. JMP Securities raised their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Evercore ISI lifted their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One investment 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $160.07.

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.