Brookstone Capital Management Invests $335,000 in KKR & Co. Inc. (NYSE:KKR)

Brookstone Capital Management purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,267 shares of the asset manager’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $31,000. Raleigh Capital Management Inc. raised its holdings 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 worth $31,000 after acquiring an additional 85 shares during the period. Eastern Bank acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $34,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $40,000. Finally, Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $45,000. 76.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Wells Fargo & Company dropped 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 report on Tuesday, January 14th. Citigroup lifted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One investment 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. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Stock Up 2.8 %

KKR & Co. Inc. stock opened at $157.58 on Friday. The firm has a market capitalization of $139.97 billion, a PE ratio of 47.90, a P/E/G ratio of 0.84 and a beta of 1.66. The company’s 50-day moving average is $152.49 and its 200-day moving average is $134.43. KKR & Co. Inc. has a fifty-two week low of $80.89 and a fifty-two week high of $163.68. 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. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the previous year, the firm posted $0.73 EPS. Sell-side analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced 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. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. The ex-dividend date 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.