Pines Wealth Management LLC Acquires Shares of 3,994 KKR & Co. Inc. (NYSE:KKR)

Pines Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,994 shares of the asset manager’s stock, valued at approximately $563,000.

Other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. during the third quarter worth about $31,000. Raleigh Capital Management Inc. increased its position in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the period. Eastern Bank purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $34,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $40,000. Finally, Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KKR. The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI upped 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 note on Monday, October 14th. Wells Fargo & Company reduced their price objective on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday. TD Cowen upped 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 report on Friday, October 25th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Trading Up 1.6 %

Shares of KKR opened at $143.48 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 $80.20 and a 1-year high of $163.68. The stock has a market cap of $127.44 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66. The firm has a 50 day simple moving average of $152.37 and a 200-day simple moving average of $133.61.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $0.73 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

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.