Genesis Private Wealth LLC Makes New $555,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Genesis Private Wealth LLC bought a new position in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, Holdings Channel reports. The firm bought 3,754 shares of the asset manager’s stock, valued at approximately $555,000.

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

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Citigroup boosted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Oppenheimer raised their price objective on shares of 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Trading Up 2.0 %

Shares of KKR opened at $160.76 on Wednesday. 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. has a 1 year low of $83.01 and a 1 year high of $163.68. The company has a 50 day simple moving average of $152.52 and a two-hundred day simple moving average of $135.00. The firm has a market cap of $142.79 billion, a P/E ratio of 48.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.66.

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 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 firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm posted $0.73 earnings per share. On average, equities analysts expect that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors 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 yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio is presently 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.