Professional Financial Advisors LLC Trims Position in KKR & Co. Inc. (NYSE:KKR)

Professional Financial Advisors LLC trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,022 shares of the asset manager’s stock after selling 154 shares during the quarter. Professional Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,778,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. lifted 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 worth $31,000 after acquiring an additional 85 shares during the last quarter. Eastern Bank purchased a new position in KKR & Co. Inc. in the third quarter worth $34,000. Truvestments Capital LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $40,000. Finally, Bank of New Hampshire bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $45,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $141.37 on Tuesday. KKR & Co. Inc. has a 12 month low of $80.20 and a 12 month high of $163.68. The business’s fifty day simple moving average is $152.28 and its two-hundred day simple moving average is $133.34. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $125.57 billion, a price-to-earnings ratio of 42.97, a P/E/G ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS 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 analyst estimates 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 in the previous year, the business posted $0.73 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given 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 yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Analyst Ratings Changes

KKR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, TD Cowen raised their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.93.

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.