CWA Asset Management Group LLC Has $2.24 Million Stake in KKR & Co. Inc. (NYSE:KKR)

CWA Asset Management Group LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,122 shares of the asset manager’s stock after purchasing an additional 1,248 shares during the quarter. CWA Asset Management Group LLC’s holdings in KKR & Co. Inc. were worth $2,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of KKR. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter valued at about $31,000. Raleigh Capital Management Inc. lifted its position in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares in the last quarter. Eastern Bank acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at about $34,000. Y.D. More Investments Ltd purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth approximately $38,000. Finally, Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $40,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $150.79 on Tuesday. The firm has a market capitalization of $133.94 billion, a PE ratio of 45.83, a P/E/G ratio of 1.22 and a beta of 1.66. 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 company has a 50-day moving average price of $151.42 and a two-hundred day moving average price of $131.72. KKR & Co. Inc. has a twelve month low of $80.20 and a twelve month high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company 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 firm earned $0.73 EPS. Equities analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Analyst Ratings Changes

KKR has been the subject of several recent research reports. TD Cowen upped their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. 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 report on Thursday, December 12th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley boosted 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 research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.07.

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.