Triangle Securities Wealth Management Has $9 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Triangle Securities Wealth Management lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,842 shares of the asset manager’s stock after selling 5,097 shares during the period. KKR & Co. Inc. comprises about 2.3% of Triangle Securities Wealth Management’s portfolio, making the stock its 7th biggest position. Triangle Securities Wealth Management’s holdings in KKR & Co. Inc. were worth $8,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC grew its holdings in KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after acquiring an additional 73 shares during the period. Dudley Capital Management LLC grew its stake in 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 worth $404,000 after purchasing an additional 80 shares during the period. FWG Holdings LLC increased its holdings in 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 in the last quarter. Sigma Planning Corp increased its holdings in KKR & Co. Inc. by 1.3% in the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock worth $847,000 after purchasing an additional 81 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its stake in KKR & Co. Inc. by 1.4% in 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 period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $157.58 on Friday. The company has a market capitalization of $139.97 billion, a PE ratio of 47.90, a PEG ratio of 0.84 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. The stock’s 50 day moving average price is $152.49 and its 200-day moving average price is $134.43. KKR & Co. Inc. has a twelve month low of $80.89 and a twelve month high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, equities analysts anticipate that KKR & Co. Inc. will post 4.13 EPS 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 issued a dividend of $0.175 per share. 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 dividend payout ratio (DPR) is presently 21.28%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays raised their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup increased their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company decreased their target price on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities increased their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $159.07.

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.