Pines Wealth Management LLC Invests $563,000 in KKR & Co. Inc. (NYSE:KKR)

Pines Wealth Management LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,994 shares of the asset manager's stock, valued at approximately $563,000.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in KKR & Co. Inc. by 2.4% during the 2nd quarter. American Century Companies Inc. now owns 105,080 shares of the asset manager's stock valued at $11,059,000 after purchasing an additional 2,440 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 3.2% in the second quarter. Parallel Advisors LLC now owns 7,912 shares of the asset manager's stock valued at $833,000 after buying an additional 249 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in KKR & Co. Inc. during the 2nd quarter worth about $1,183,000. Envestnet Asset Management Inc. grew its holdings in KKR & Co. Inc. by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,136,627 shares of the asset manager's stock worth $119,619,000 after acquiring an additional 74,892 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in KKR & Co. Inc. by 30.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,553,317 shares of the asset manager's stock worth $163,487,000 after acquiring an additional 364,141 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Up 4.8 %

Shares of KKR traded up $6.85 during trading hours on Wednesday, reaching $150.50. The stock had a trading volume of 5,081,857 shares, compared to its average volume of 3,420,091. The company has a market cap of $133.68 billion, a P/E ratio of 45.74, a P/E/G ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a 52 week low of $80.20 and a 52 week 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 firm has a 50-day moving average of $152.37 and a 200 day moving average of $133.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly 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. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.73 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business 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. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.'s payout ratio is currently 21.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an "equal weight" rating on the stock in a research report on Tuesday. StockNews.com upgraded KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. JMP Securities lifted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 29th. Evercore ISI upped their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Finally, Keefe, Bruyette & Woods lowered their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $159.07.

KKR & Co. Inc. Company Profile

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.