Garden State Investment Advisory Services LLC Purchases New Stake in KKR & Co. Inc. (NYSE:KKR)

Garden State Investment Advisory Services LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,600 shares of the asset manager’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Raleigh Capital Management Inc. lifted its stake 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 valued at $31,000 after purchasing an additional 85 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $31,000. Eastern Bank purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $34,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $40,000. Finally, American National Bank increased its stake in KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of several research reports. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday. Barclays increased their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given 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 a consensus price target of $158.21.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $154.34 on Friday. The company has a market cap of $137.09 billion, a P/E ratio of 46.91, a P/E/G ratio of 1.25 and a beta of 1.63. The business has a fifty day simple moving average of $147.22 and a 200-day simple moving average of $126.49. KKR & Co. Inc. has a 52 week low of $78.95 and a 52 week high of $163.68. 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 quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations 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 business earned $0.73 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio 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.