Smart Money Group LLC Takes Position in KKR & Co. Inc. (NYSE:KKR)

Smart Money Group LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,367 shares of the asset manager’s stock, valued at approximately $202,000.

A number of other large investors also recently bought and sold shares of KKR. Wealthcare Advisory Partners LLC raised its holdings in KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after purchasing an additional 73 shares in the last quarter. Dudley Capital Management LLC increased its position 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 worth $404,000 after purchasing an additional 80 shares in the last quarter. FWG Holdings LLC increased its position in shares of KKR & Co. Inc. by 1.6% during the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock worth $717,000 after purchasing an additional 80 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of 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 purchasing an additional 81 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its position in shares of KKR & Co. Inc. by 1.4% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,886 shares of the asset manager’s stock worth $871,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 2.8 %

KKR & Co. Inc. stock opened at $157.58 on Monday. The business’s 50-day moving average price is $152.49 and its 200 day moving average price is $134.63. 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 firm has a market cap of $139.97 billion, a price-to-earnings ratio of 47.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. KKR & Co. Inc. has a 52 week low of $80.89 and a 52 week high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $0.73 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.13 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. Shareholders of record on Monday, November 4th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. KKR & Co. Inc.’s payout ratio is 21.28%.

Analyst Ratings Changes

Several brokerages recently issued reports on KKR. The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen lifted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Morgan Stanley boosted their target price on shares of 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. Finally, StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Company Profile

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.