AdvisorNet Financial Inc Grows Stock Position in KKR & Co. Inc. (NYSE:KKR)

AdvisorNet Financial Inc increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 417.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,180 shares of the asset manager's stock after buying an additional 1,759 shares during the quarter. AdvisorNet Financial Inc's holdings in KKR & Co. Inc. were worth $322,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KKR. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the third quarter worth $31,000. Raleigh Capital Management Inc. lifted its stake in KKR & Co. Inc. by 56.7% in 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 third quarter worth about $34,000. Truvestments Capital LLC acquired a new position in KKR & Co. Inc. during the third quarter worth approximately $40,000. Finally, Bank of New Hampshire bought a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $45,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. Citigroup raised their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.07.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded up $4.34 during mid-day trading on Friday, hitting $157.58. The stock had a trading volume of 3,846,699 shares, compared to its average volume of 3,466,028. The firm's 50 day moving average is $152.38 and its 200 day moving average is $133.87. KKR & Co. Inc. has a one year low of $80.89 and a one year high of $163.68. The firm has a market capitalization 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. 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. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $0.73 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.28%.

KKR & Co. Inc. Company 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.