Miracle Mile Advisors LLC Acquires Shares of 1,483 KKR & Co. Inc. (NYSE:KKR)

Miracle Mile Advisors LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, HoldingsChannel reports. The fund bought 1,483 shares of the asset manager’s stock, valued at approximately $219,000.

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

KKR & Co. Inc. Stock Up 1.8 %

Shares of KKR & Co. Inc. stock opened at $153.19 on Friday. The company has a 50-day moving average of $152.38 and a 200 day moving average of $133.87. KKR & Co. Inc. has a 1 year low of $80.48 and a 1 year high of $163.68. The firm has a market cap of $136.07 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 0.84 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly 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 firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the previous year, the firm earned $0.73 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KKR. Barclays upped their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Wells Fargo & Company lowered their price target on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Tuesday. JMP Securities lifted their price target on shares of 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. Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI upped their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $159.07.

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.