Wilmington Savings Fund Society FSB Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Wilmington Savings Fund Society FSB acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,566 shares of the asset manager's stock, valued at approximately $2,686,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the 3rd quarter valued at approximately $31,000. Raleigh Capital Management Inc. increased its position 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 acquiring an additional 85 shares during the period. Eastern Bank bought a new position in shares of KKR & Co. Inc. during the third quarter valued at $34,000. American National Bank raised its stake in shares of KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager's stock valued at $37,000 after acquiring an additional 235 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of KKR & Co. Inc. during the second quarter worth $38,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Down 0.9 %

Shares of KKR traded down $1.41 during trading hours on Friday, reaching $154.34. The stock had a trading volume of 2,612,607 shares, compared to its average volume of 4,216,775. The firm has a 50-day simple moving average of $147.64 and a 200 day simple moving average of $126.82. KKR & Co. Inc. has a 12 month low of $78.95 and a 12 month high of $163.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $137.09 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating 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 business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the firm earned $0.73 EPS. Equities research analysts predict 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. Investors of record on Monday, November 4th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.'s payout ratio is currently 21.28%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KKR. JMP Securities raised their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 29th. StockNews.com upgraded KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. Barclays upped their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.21.

About KKR & Co. Inc.

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.