Avanza Fonder AB Invests $7.34 Million in KKR & Co. Inc. (NYSE:KKR)

Avanza Fonder AB acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 49,604 shares of the asset manager’s stock, valued at approximately $7,337,000.

Several other institutional investors also recently made changes to their positions in KKR. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth about $31,000. Raleigh Capital Management Inc. increased 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 buying an additional 85 shares during the last quarter. Eastern Bank bought a new position in KKR & Co. Inc. during the third quarter valued at about $34,000. Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth $40,000. Finally, Bank of New Hampshire acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $45,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $154.45 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52 week low of $80.89 and a 52 week high of $163.68. The firm has a market cap of $137.19 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. The firm’s fifty day moving average is $152.38 and its 200-day moving average is $133.87.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping 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 return on equity of 5.77% and a net margin of 13.21%. During the same period in the previous year, the business earned $0.73 EPS. Sell-side analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.45%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Wall Street Analyst Weigh In

KKR has been the subject of several research reports. Morgan Stanley raised their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Citigroup increased their price target 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. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their price target on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target 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.