1,522 Shares in KKR & Co. Inc. (NYSE:KKR) Bought by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,522 shares of the asset manager’s stock, valued at approximately $225,000.

A number of other hedge funds have also recently made changes to their positions in KKR. ORG Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth $31,000. Raleigh Capital Management Inc. lifted its stake in shares of KKR & Co. Inc. by 56.7% during 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 during the last quarter. Eastern Bank acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at about $34,000. Truvestments Capital LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at about $40,000. Finally, Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $45,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KKR. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. TD Cowen upped their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Evercore ISI upped their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.93.

KKR & Co. Inc. Stock Up 0.3 %

Shares of KKR opened at $141.37 on Tuesday. The company has a market capitalization of $125.57 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 1.22 and a beta of 1.66. The stock’s 50-day moving average price is $152.28 and its 200-day moving average price is $133.34. 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. has a 52 week low of $80.20 and a 52 week high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $0.73 earnings per share. On average, sell-side analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. 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.