Pine Valley Investments Ltd Liability Co Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Pine Valley Investments Ltd Liability Co purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,786 shares of the asset manager’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KKR. ORG Wealth Partners LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at $31,000. Raleigh Capital Management Inc. increased its position in shares of KKR & Co. Inc. by 56.7% during 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. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $34,000. American National Bank boosted its holdings in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after buying an additional 235 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in KKR & Co. Inc. during the second quarter valued at approximately $38,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $154.34 on Friday. The company has a market cap of $137.09 billion, a P/E ratio of 47.00, a P/E/G ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 52-week low of $78.95 and a 52-week high of $163.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s fifty day moving average is $147.22 and its two-hundred day moving average is $126.49.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data 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. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.73 earnings per share. As a group, analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current fiscal 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. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.45%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Evercore ISI increased their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. HSBC assumed coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price on the stock. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, Barclays lifted their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.