M.E. Allison & CO. Inc. Purchases Shares of 1,790 KKR & Co. Inc. (NYSE:KKR)

M.E. Allison & CO. Inc. acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,790 shares of the asset manager’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KKR. APG Asset Management N.V. purchased a new position in KKR & Co. Inc. in the second quarter worth $154,468,000. Assenagon Asset Management S.A. boosted its position in shares of KKR & Co. Inc. by 3,757.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after purchasing an additional 538,573 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in KKR & Co. Inc. by 1,181.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after buying an additional 501,579 shares during the last quarter. State Street Corp increased its position in KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after buying an additional 481,686 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after buying an additional 355,837 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the topic of a number of research analyst reports. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their target price on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Citigroup upped their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Morgan Stanley raised their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $157.58 on Monday. The company has a market capitalization of $139.97 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company’s fifty day moving average price is $152.49 and its 200 day moving average price is $134.63. KKR & Co. Inc. has a 1 year low of $80.89 and a 1 year high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for 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 prior year, the company posted $0.73 EPS. On average, research analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

KKR & Co. Inc. 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.