Tred Avon Family Wealth LLC Acquires New Position in KKR & Co. Inc. $KKR

Tred Avon Family Wealth LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,374 shares of the asset manager’s stock, valued at approximately $1,218,000.

Other hedge funds also recently added to or reduced their stakes in the company. Clearstead Trust LLC purchased a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $28,000. Richardson Financial Services Inc. raised its holdings in KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Pineridge Advisors LLC purchased a new stake in KKR & Co. Inc. during the second quarter worth $31,000. DiNuzzo Private Wealth Inc. boosted its position in KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in KKR & Co. Inc. in the third quarter valued at $36,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 0.3%

Shares of NYSE KKR opened at $131.65 on Friday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm’s 50 day moving average price is $127.78 and its 200 day moving average price is $133.05. The firm has a market cap of $117.35 billion, a P/E ratio of 55.78, a price-to-earnings-growth ratio of 1.14 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.11. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same period in the previous year, the firm posted $1.38 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KKR shares. Barclays cut their price target on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Oppenheimer cut their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 7th. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday. Finally, UBS Group cut their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.43.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.