Perfromance Wealth Partners LLC Has $37.91 Million Position in KKR & Co. Inc. (NYSE:KKR)

Perfromance Wealth Partners LLC lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 256,301 shares of the asset manager’s stock after purchasing an additional 23,119 shares during the period. KKR & Co. Inc. accounts for 1.2% of Perfromance Wealth Partners LLC’s portfolio, making the stock its 13th largest position. Perfromance Wealth Partners LLC’s holdings in KKR & Co. Inc. were worth $37,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of KKR. Raleigh Capital Management Inc. grew its holdings in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the period. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the third quarter worth $31,000. Eastern Bank bought a new position in shares of KKR & Co. Inc. during the third quarter worth $34,000. Bank of New Hampshire bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth $45,000. Finally, Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. during the third quarter worth $40,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on KKR shares. Keefe, Bruyette & Woods reduced their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. JMP Securities lifted their price target on shares of 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. Wells Fargo & Company cut their price objective 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, January 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $160.76 on Wednesday. The company’s 50 day moving average price is $152.52 and its two-hundred day moving average price is $135.00. KKR & Co. Inc. has a 12-month low of $83.01 and a 12-month high of $163.68. The firm has a market cap of $142.79 billion, a PE ratio of 48.86, a PEG ratio of 0.90 and a beta of 1.66. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. Equities research analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

About KKR & Co. Inc.

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.