Avestar Capital LLC Purchases 339 Shares of KKR & Co. Inc. (NYSE:KKR)

Avestar Capital LLC grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,475 shares of the asset manager’s stock after purchasing an additional 339 shares during the quarter. Avestar Capital LLC’s holdings in KKR & Co. Inc. were worth $366,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KKR. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $30,000. Raleigh Capital Management Inc. increased its position 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 last quarter. Eastern Bank bought a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $34,000. Finally, Truvestments Capital LLC bought a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their price target on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays reduced their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group raised their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley dropped their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Trading Up 1.0 %

KKR opened at $140.73 on Friday. The stock has a market cap of $125.00 billion, a PE ratio of 42.26, a PEG ratio of 1.05 and a beta of 1.67. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $152.58 and a 200-day moving average of $140.13. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s payout ratio is presently 21.02%.

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.