Segment Wealth Management LLC Has $1.38 Million Position in KKR & Co. Inc. (NYSE:KKR)

Segment Wealth Management LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,350 shares of the asset manager’s stock after buying an additional 500 shares during the quarter. Segment Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,383,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. lifted its position in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Eastern Bank bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $34,000. Bank of New Hampshire acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $45,000. Finally, Truvestments Capital LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at $40,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KKR. JMP Securities boosted their target price 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. Barclays raised their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment 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. According to MarketBeat.com, the company currently 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 Tuesday. KKR & Co. Inc. has a twelve month low of $80.89 and a twelve month high of $163.68. 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 stock’s 50-day simple moving average is $152.49 and its 200 day simple moving average is $134.63. The firm has a market capitalization of $139.97 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 0.90 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.73 earnings per share. On average, analysts anticipate that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio is currently 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.