KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 28.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,220 shares of the asset manager’s stock after acquiring an additional 717 shares during the quarter. Harbor Investment Advisory LLC’s holdings in KKR & Co. Inc. were worth $476,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. lifted its position 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 purchasing an additional 85 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. during the third quarter valued at approximately $31,000. Eastern Bank acquired a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $34,000. Bank of New Hampshire bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $45,000. Finally, Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at approximately $40,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 2.0 %

Shares of KKR & Co. Inc. stock opened at $160.76 on Wednesday. KKR & Co. Inc. has a 12-month low of $83.01 and a 12-month high of $163.68. The firm has a market capitalization of $142.79 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.66. 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 $152.52 and its 200-day moving average is $135.00.

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 4.13 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a dividend of $0.175 per share. 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 0.44%. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KKR. Oppenheimer boosted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. JMP Securities increased their target price on shares of 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. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen increased their price objective 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. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

About KKR & Co. Inc.

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.