Park Avenue Securities LLC Purchases 7,058 Shares of KKR & Co. Inc. (NYSE:KKR)

Park Avenue Securities LLC grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 44.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,868 shares of the asset manager's stock after acquiring an additional 7,058 shares during the quarter. Park Avenue Securities LLC's holdings in KKR & Co. Inc. were worth $3,382,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KKR. Dudley Capital Management LLC increased its position in shares of KKR & Co. Inc. by 2.7% during the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager's stock valued at $404,000 after acquiring an additional 80 shares in the last quarter. FWG Holdings LLC raised its stake in shares of KKR & Co. Inc. by 1.6% in the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager's stock worth $717,000 after purchasing an additional 80 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of KKR & Co. Inc. by 1.3% during the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager's stock valued at $847,000 after purchasing an additional 81 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of KKR & Co. Inc. by 1.4% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 5,886 shares of the asset manager's stock valued at $871,000 after buying an additional 81 shares during the last quarter. Finally, Connable Office Inc. boosted its position in shares of KKR & Co. Inc. by 0.4% during the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager's stock valued at $2,522,000 after buying an additional 82 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a report on Friday, October 25th. TD Cowen raised their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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 given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $159.07.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $4.47 during trading on Friday, hitting $157.71. The company had a trading volume of 1,742,630 shares, compared to its average volume of 3,270,071. KKR & Co. Inc. has a 12 month low of $80.89 and a 12 month high of $163.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $140.09 billion, a P/E ratio of 47.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. The stock has a 50 day simple moving average of $152.38 and a 200 day simple moving average of $133.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released 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 company had revenue of $4.79 billion for 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 last year, the business earned $0.73 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a $0.175 dividend. 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 payout ratio 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.