KKR & Co. Inc. (NYSE:KKR) Shares Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,224 shares of the asset manager’s stock after purchasing an additional 1,185 shares during the quarter. Central Pacific Bank Trust Division’s holdings in KKR & Co. Inc. were worth $2,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dudley Capital Management LLC grew its position in KKR & Co. Inc. by 2.7% in the 3rd 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 during the last quarter. FWG Holdings LLC grew its holdings in KKR & Co. Inc. by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock worth $717,000 after buying an additional 80 shares in the last quarter. Sigma Planning Corp increased its position in KKR & Co. Inc. by 1.3% in the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after acquiring an additional 81 shares during the period. Connable Office Inc. increased its holdings in shares of KKR & Co. Inc. by 0.4% during the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock valued at $2,522,000 after purchasing an additional 82 shares during the period. Finally, OLD National Bancorp IN increased its stake in shares of KKR & Co. Inc. by 1.3% during the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock valued at $846,000 after acquiring an additional 85 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Barclays upped their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. HSBC began coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target for the company. Finally, Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Trading Up 1.9 %

NYSE KKR traded up $2.86 during trading hours on Friday, hitting $152.05. The company’s stock had a trading volume of 733,551 shares, compared to its average volume of 1,186,845. The stock has a fifty day moving average of $151.18 and a 200 day moving average of $131.14. KKR & Co. Inc. has a twelve month low of $79.53 and a twelve month high of $163.68. The firm has a market capitalization of $135.06 billion, a P/E ratio of 46.22, a PEG ratio of 1.22 and a beta of 1.63. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period last year, the company earned $0.73 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share 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 paid 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 0.46%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

KKR & Co. Inc. Company Profile

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.