Baker Tilly Wealth Management LLC Has $871,000 Stake in KKR & Co. Inc. (NYSE:KKR)

Baker Tilly Wealth Management LLC increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,886 shares of the asset manager’s stock after purchasing an additional 81 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $871,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KKR. First Hawaiian Bank acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $274,000. Fulton Bank N.A. boosted its holdings in KKR & Co. Inc. by 8.2% in the fourth quarter. Fulton Bank N.A. now owns 17,182 shares of the asset manager’s stock valued at $2,541,000 after acquiring an additional 1,301 shares during the last quarter. Bank of New Hampshire bought a new position in KKR & Co. Inc. during the fourth quarter worth $45,000. CWA Asset Management Group LLC lifted its stake in shares of KKR & Co. Inc. by 9.0% in the 4th quarter. CWA Asset Management Group LLC now owns 15,122 shares of the asset manager’s stock valued at $2,237,000 after purchasing an additional 1,248 shares during the period. Finally, Legacy Wealth Management LLC MS lifted its stake in KKR & Co. Inc. by 5.7% in the fourth quarter. Legacy Wealth Management LLC MS now owns 5,048 shares of the asset manager’s stock valued at $747,000 after buying an additional 274 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 4.2 %

Shares of NYSE KKR traded down $6.24 during midday trading on Friday, hitting $142.00. The company’s stock had a trading volume of 808,194 shares, compared to its average volume of 2,494,251. The business’s 50 day moving average is $152.12 and its two-hundred day moving average is $132.49. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $80.20 and a 12-month high of $163.68. The firm has a market cap of $126.13 billion, a P/E ratio of 43.16, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for 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 in the prior year, the company earned $0.73 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.49%. KKR & Co. Inc.’s payout ratio is 21.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KKR shares. Evercore ISI upped their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barclays raised their price target on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

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.