Arkadios Wealth Advisors Buys 648 Shares of KKR & Co. Inc. (NYSE:KKR)

Arkadios Wealth Advisors increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,111 shares of the asset manager’s stock after buying an additional 648 shares during the quarter. Arkadios Wealth Advisors’ holdings in KKR & Co. Inc. were worth $2,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raleigh Capital Management Inc. lifted 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 worth $31,000 after buying an additional 85 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. during the third quarter worth $31,000. Eastern Bank purchased a new position in KKR & Co. Inc. in the third quarter worth $34,000. Bank of New Hampshire purchased a new position in KKR & Co. Inc. in the fourth quarter worth $45,000. Finally, Truvestments Capital LLC bought a new position in KKR & Co. Inc. in the 3rd quarter valued at $40,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 2.8 %

Shares of NYSE KKR opened at $157.58 on Friday. 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 company has a market cap of $139.97 billion, a P/E ratio of 47.90, a P/E/G ratio of 0.84 and a beta of 1.66. KKR & Co. Inc. has a 52 week low of $80.89 and a 52 week high of $163.68. The business has a 50-day simple moving average of $152.49 and a two-hundred day simple moving average of $134.43.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 13.21% and a return on equity of 5.77%. During the same period last year, the business earned $0.73 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent analyst reports. Citigroup lifted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Barclays upped their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, TD Cowen raised their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price 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.