KKR & Co. Inc. (NYSE:KKR) is Triangle Securities Wealth Management’s 7th Largest Position

Triangle Securities Wealth Management cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,842 shares of the asset manager’s stock after selling 5,097 shares during the quarter. KKR & Co. Inc. makes up approximately 2.3% of Triangle Securities Wealth Management’s portfolio, making the stock its 7th largest holding. Triangle Securities Wealth Management’s holdings in KKR & Co. Inc. were worth $8,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. ORG Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth $31,000. Raleigh Capital Management Inc. raised 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 valued at $31,000 after purchasing an additional 85 shares during the period. Eastern Bank purchased a new stake in KKR & Co. Inc. during the 3rd quarter worth about $34,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth about $40,000. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $45,000. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KKR shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Morgan Stanley increased their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. JMP Securities boosted 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. TD Cowen increased their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $157.58 on Friday. The company has a 50-day simple moving average of $152.49 and a two-hundred day simple moving average of $134.43. KKR & Co. Inc. has a 12-month low of $80.89 and a 12-month high of $163.68. The firm has a market cap of $139.97 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 0.84 and a beta of 1.66. 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 released its quarterly earnings data 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. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, equities analysts forecast that KKR & Co. Inc. will post 4.13 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. Profile

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.