Tallon Kerry Patrick Invests $207,000 in KKR & Co. Inc. (NYSE:KKR)

Tallon Kerry Patrick bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,386 shares of the asset manager’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also modified their holdings of KKR. ORG Wealth Partners LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $31,000. Raleigh Capital Management Inc. grew its stake in 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 acquiring an additional 85 shares in the last quarter. Eastern Bank purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $34,000. Truvestments Capital LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $40,000. Finally, Bank of New Hampshire purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $153.19 on Friday. The firm’s 50 day moving average price is $152.38 and its 200-day moving average price is $133.87. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a one year low of $80.48 and a one year high of $163.68. The firm has a market cap of $136.07 billion, a P/E ratio of 46.56, a P/E/G ratio of 0.84 and a beta of 1.66.

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. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $0.73 EPS. As a group, equities research analysts predict that KKR & Co. Inc. will post 4.13 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several research reports. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen upped their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Barclays boosted their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.07.

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.