First Citizens Financial Corp Invests $222,000 in KKR & Co. Inc. (NYSE:KKR)

First Citizens Financial Corp bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,500 shares of the asset manager’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also bought and sold shares of KKR. Canada Pension Plan Investment Board grew its stake in shares of KKR & Co. Inc. by 198.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after acquiring an additional 2,133,290 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $154,468,000. Massachusetts Financial Services Co. MA grew its position in shares of KKR & Co. Inc. by 6.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after purchasing an additional 996,871 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of KKR & Co. Inc. by 315.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock valued at $124,623,000 after acquiring an additional 895,891 shares during the period. Finally, Ensign Peak Advisors Inc increased its holdings in KKR & Co. Inc. by 317.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock valued at $97,474,000 after buying an additional 704,091 shares during the period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price target on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 20th. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.07.

KKR & Co. Inc. Price Performance

KKR stock traded up $2.16 during midday trading on Friday, reaching $151.35. The company had a trading volume of 456,852 shares, compared to its average volume of 1,034,402. KKR & Co. Inc. has a 1 year low of $79.53 and a 1 year 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. The company has a market capitalization of $134.43 billion, a P/E ratio of 46.00, a P/E/G ratio of 1.22 and a beta of 1.63. The firm has a 50-day moving average price of $151.18 and a 200-day moving average price of $131.14.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period last year, the firm earned $0.73 earnings per share. On average, research analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.