180 Wealth Advisors LLC Invests $228,000 in KKR & Co. Inc. (NYSE:KKR)

180 Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, Holdings Channel reports. The firm bought 1,543 shares of the asset manager’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KKR. American Century Companies Inc. raised its stake in KKR & Co. Inc. by 2.4% in the 2nd quarter. American Century Companies Inc. now owns 105,080 shares of the asset manager’s stock valued at $11,059,000 after acquiring an additional 2,440 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in KKR & Co. Inc. in the 2nd quarter valued at about $1,183,000. Dimensional Fund Advisors LP raised its stake in KKR & Co. Inc. by 30.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,553,317 shares of the asset manager’s stock valued at $163,487,000 after acquiring an additional 364,141 shares during the period. One Capital Management LLC bought a new stake in KKR & Co. Inc. in the 2nd quarter valued at about $715,000. Finally, Virtu Financial LLC raised its stake in KKR & Co. Inc. by 115.9% in the 2nd quarter. Virtu Financial LLC now owns 18,567 shares of the asset manager’s stock valued at $1,954,000 after acquiring an additional 9,969 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JMP Securities boosted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley lifted their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, HSBC started coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. 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 issued a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Stock Up 4.8 %

Shares of NYSE KKR opened at $150.50 on Thursday. KKR & Co. Inc. has a 12 month low of $80.20 and a 12 month high of $163.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $133.68 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 1.22 and a beta of 1.66. The business has a 50-day moving average of $152.33 and a 200-day moving average of $133.73.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The company 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 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company 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 annualized dividend and a yield of 0.47%. The ex-dividend date 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.