Steph & Co. Has $160,000 Stock Position in KKR & Co. Inc. (NYSE:KKR)

Steph & Co. cut its position in KKR & Co. Inc. (NYSE:KKR) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,084 shares of the asset manager’s stock after selling 77 shares during the period. Steph & Co.’s holdings in KKR & Co. Inc. were worth $160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KKR. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the third quarter worth approximately $31,000. Raleigh Capital Management Inc. raised its position in shares of 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 purchasing an additional 85 shares during the period. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the 3rd quarter worth $34,000. Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at $40,000. Finally, Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the fourth quarter worth $45,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Up 4.8 %

Shares of KKR stock opened at $150.50 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $133.68 billion, a P/E ratio of 45.74, a PEG ratio of 0.84 and a beta of 1.66. The company has a 50 day moving average of $152.33 and a 200-day moving average of $133.73. KKR & Co. Inc. has a 12-month low of $80.20 and a 12-month high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $0.73 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KKR shares. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Citigroup boosted their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have given 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Company Profile

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.