Modus Advisors LLC Invests $172,000 in KKR & Co. Inc. (NYSE:KKR)

Modus Advisors LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,160 shares of the asset manager’s stock, valued at approximately $172,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $31,000. Raleigh Capital Management Inc. increased its position in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares during the period. Eastern Bank purchased a new stake in KKR & Co. Inc. in the third quarter valued at approximately $34,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at approximately $38,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of KKR & Co. Inc. during the second quarter worth approximately $38,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on KKR. Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley increased their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $160.07.

KKR & Co. Inc. Trading Up 1.6 %

KKR stock traded up $2.35 during trading on Friday, reaching $151.54. 198,116 shares of the stock traded hands, compared to its average volume of 917,196. 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 52-week low of $79.53 and a 52-week high of $163.68. The firm has a market capitalization of $134.60 billion, a PE ratio of 46.06, a P/E/G ratio of 1.22 and a beta of 1.63. The business’s 50 day moving average price is $151.18 and its 200-day moving average price is $131.14.

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 analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $0.73 EPS. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced 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 of this dividend 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.