Harbor Capital Advisors Inc. Grows Position in KKR & Co. Inc. (NYSE:KKR)

Harbor Capital Advisors Inc. grew its stake in KKR & Co. Inc. (NYSE:KKR) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,184 shares of the asset manager’s stock after buying an additional 296 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in KKR & Co. Inc. were worth $1,802,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $31,000. Raleigh Capital Management Inc. boosted its position in shares of KKR & Co. Inc. by 56.7% in 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 purchased a new stake in shares of KKR & Co. Inc. in the third quarter worth $34,000. Y.D. More Investments Ltd bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $38,000. Finally, Truvestments Capital LLC purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at $40,000. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of a number of analyst reports. HSBC initiated coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target for the company. Evercore ISI lifted their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. JMP Securities upped their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $160.07.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $140.97 on Friday. The stock has a market cap of $125.21 billion, a price-to-earnings ratio of 42.85, a price-to-earnings-growth ratio of 1.22 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 stock has a 50 day moving average price of $152.19 and a 200-day moving average price of $132.90. KKR & Co. Inc. has a one year low of $80.20 and a one year high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last posted 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 analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. Equities analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

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.