TOWER TRUST & INVESTMENT Co Purchases 6,240 Shares of KKR & Co. Inc. $KKR

TOWER TRUST & INVESTMENT Co boosted its position in KKR & Co. Inc. (NYSE:KKR) by 624.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,240 shares of the asset manager’s stock after purchasing an additional 6,240 shares during the period. TOWER TRUST & INVESTMENT Co’s holdings in KKR & Co. Inc. were worth $941,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Clarius Group LLC lifted its position in shares of KKR & Co. Inc. by 4.7% in the third quarter. Clarius Group LLC now owns 5,004 shares of the asset manager’s stock valued at $650,000 after buying an additional 226 shares during the last quarter. First Bank & Trust increased its holdings in shares of KKR & Co. Inc. by 1.8% during the 3rd quarter. First Bank & Trust now owns 7,866 shares of the asset manager’s stock worth $1,022,000 after acquiring an additional 141 shares during the last quarter. Spinnaker Investment Group LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $1,249,000. Orrstown Financial Services Inc. raised its stake in KKR & Co. Inc. by 21.4% in the 3rd quarter. Orrstown Financial Services Inc. now owns 2,447 shares of the asset manager’s stock valued at $318,000 after acquiring an additional 431 shares during the period. Finally, Quotient Wealth Partners LLC lifted its holdings in KKR & Co. Inc. by 5.7% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,820 shares of the asset manager’s stock valued at $366,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $130.64 on Monday. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company’s 50 day moving average price is $123.47 and its two-hundred day moving average price is $132.31. The firm has a market cap of $116.45 billion, a PE ratio of 55.36, a PEG ratio of 1.40 and a beta of 2.00. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 13.84% and a return on equity of 6.12%. During the same period in the previous year, the business earned $1.38 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KKR shares. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Citigroup lowered their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings restated a “sell (d+)” rating on shares of KKR & Co. Inc. in a report on Thursday. TD Cowen decreased their target price on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, UBS Group started coverage on KKR & Co. Inc. in a report on Thursday, December 11th. They set a “buy” rating and a $176.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $158.79.

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.