Perfromance Wealth Partners LLC Has $37.91 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Perfromance Wealth Partners LLC raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 9.9% in the 4th quarter, HoldingsChannel reports. The fund owned 256,301 shares of the asset manager’s stock after acquiring an additional 23,119 shares during the period. KKR & Co. Inc. comprises approximately 1.2% of Perfromance Wealth Partners LLC’s holdings, making the stock its 13th biggest position. Perfromance Wealth Partners LLC’s holdings in KKR & Co. Inc. were worth $37,910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. raised its stake in KKR & Co. Inc. by 9.8% during the fourth quarter. Atomi Financial Group Inc. now owns 5,031 shares of the asset manager’s stock worth $744,000 after buying an additional 449 shares during the last quarter. Segment Wealth Management LLC raised its stake in KKR & Co. Inc. by 5.6% during the fourth quarter. Segment Wealth Management LLC now owns 9,350 shares of the asset manager’s stock worth $1,383,000 after buying an additional 500 shares during the last quarter. Ballentine Partners LLC raised its stake in KKR & Co. Inc. by 1.2% during the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after buying an additional 70 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in KKR & Co. Inc. by 28.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 3,220 shares of the asset manager’s stock worth $476,000 after buying an additional 717 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in KKR & Co. Inc. by 21.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,110 shares of the asset manager’s stock worth $164,000 after buying an additional 199 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 2.0 %

KKR & Co. Inc. stock opened at $160.76 on Wednesday. KKR & Co. Inc. has a fifty-two week low of $83.01 and a fifty-two week high of $163.68. The stock has a market cap of $142.79 billion, a PE ratio of 48.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.66. The firm’s 50-day simple moving average is $152.52 and its 200 day simple moving average is $135.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the previous year, the company earned $0.73 earnings per share. Research analysts predict that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KKR shares. TD Cowen lifted their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Finally, Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.07.

About KKR & Co. Inc.

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.