Pine Valley Investments Ltd Liability Co Invests $233,000 in KKR & Co. Inc. (NYSE:KKR)

Pine Valley Investments Ltd Liability Co bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,786 shares of the asset manager’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 purchasing an additional 481,686 shares during the period. Wellington Management Group LLP boosted its stake in shares of KKR & Co. Inc. by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after purchasing an additional 60,147 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of KKR & Co. Inc. by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after buying an additional 124,257 shares during the period. Geode Capital Management LLC increased its position in shares of KKR & Co. Inc. by 2.7% during 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 period. Finally, FMR LLC raised its stake in KKR & Co. Inc. by 1.5% in the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after buying an additional 165,631 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $154.34 on Friday. KKR & Co. Inc. has a twelve month low of $78.95 and a twelve month high of $163.68. The company has a market capitalization of $137.09 billion, a P/E ratio of 47.00, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The firm has a 50 day moving average of $147.22 and a 200 day moving average of $126.49. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The business 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 last year, the company earned $0.73 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders 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 0.45%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research reports. Morgan Stanley lifted their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays boosted their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

KKR & Co. Inc. Company Profile

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.