Ritholtz Wealth Management Raises Holdings in KKR & Co. Inc. (NYSE:KKR)

Ritholtz Wealth Management boosted its position in shares of KKR & Co. Inc. (NYSE:KKRFree Report) by 28.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,878 shares of the asset manager’s stock after purchasing an additional 631 shares during the quarter. Ritholtz Wealth Management’s holdings in KKR & Co. Inc. were worth $426,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KKR. ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth about $31,000. Raleigh Capital Management Inc. lifted 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 worth $31,000 after acquiring 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. Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth $40,000. Finally, Bank of New Hampshire bought a new position in KKR & Co. Inc. during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company lowered their price target on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JMP Securities increased their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Finally, Oppenheimer boosted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.07.

Get Our Latest Research Report on KKR

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR 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 stock has a 50 day moving average of $152.52 and a 200-day moving average of $135.00. 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 company has a market capitalization of $142.79 billion, a P/E ratio of 48.86, a P/E/G ratio of 0.90 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate 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 previous year, the company earned $0.73 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 4.13 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed 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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

KKR & Co. Inc. Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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