Artemis Investment Management LLP Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Artemis Investment Management LLP purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 322,143 shares of the asset manager’s stock, valued at approximately $47,648,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in KKR. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter valued at about $31,000. Raleigh Capital Management Inc. boosted its stake in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Eastern Bank purchased a new position in KKR & Co. Inc. during the third quarter valued at approximately $34,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. in the third quarter worth approximately $40,000. Finally, Bank of New Hampshire purchased a new stake in KKR & Co. Inc. during the fourth quarter worth $45,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KKR has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Citigroup lifted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. TD Cowen raised their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods cut their price objective 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $157.58 on Friday. The firm has a market capitalization of $139.97 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $80.89 and a 1-year high of $163.68. The company’s fifty day moving average price is $152.49 and its 200-day moving average price is $134.43.

KKR & Co. Inc. (NYSE:KKR) last posted 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 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 the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $0.73 EPS. On average, equities research analysts predict that KKR & Co. Inc. will post 4.13 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 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.