Gateway Investment Advisers LLC Raises Position in KKR & Co. Inc. (NYSE:KKR)

Gateway Investment Advisers LLC grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 51,788 shares of the asset manager’s stock after purchasing an additional 2,169 shares during the period. Gateway Investment Advisers LLC’s holdings in KKR & Co. Inc. were worth $7,660,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KKR. Dudley Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. by 2.7% during the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after purchasing an additional 80 shares in the last quarter. FWG Holdings LLC raised its position in KKR & Co. Inc. by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock worth $717,000 after buying an additional 80 shares during the last quarter. Sigma Planning Corp lifted its stake in KKR & Co. Inc. by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after acquiring an additional 81 shares during the period. Baker Tilly Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. by 1.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,886 shares of the asset manager’s stock valued at $871,000 after acquiring an additional 81 shares during the last quarter. Finally, Connable Office Inc. grew its stake in shares of KKR & Co. Inc. by 0.4% in the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock worth $2,522,000 after acquiring an additional 82 shares during the period. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KKR. The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley raised their price target 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. Evercore ISI upped their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Citigroup raised their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Oppenheimer boosted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $153.19 on Friday. The company has a market capitalization of $136.07 billion, a P/E ratio of 46.56, a P/E/G ratio of 0.84 and a beta of 1.66. KKR & Co. Inc. has a 1-year low of $80.48 and a 1-year high of $163.68. The firm’s 50 day simple moving average is $152.38 and its two-hundred day simple moving average is $133.87. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company earned $0.73 EPS. Research analysts expect that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

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.