4,439 Shares in KKR & Co. Inc. $KKR Bought by Wealth Quarterback LLC

Wealth Quarterback LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the second quarter, HoldingsChannel reports. The fund purchased 4,439 shares of the asset manager’s stock, valued at approximately $590,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KKR. Saudi Central Bank bought a new stake in shares of KKR & Co. Inc. in the first quarter valued at about $28,000. DiNuzzo Private Wealth Inc. raised its holdings in KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 245 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth approximately $38,000. GW&K Investment Management LLC grew its holdings in shares of KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after purchasing an additional 111 shares in the last quarter. Finally, SouthState Corp bought a new stake in shares of KKR & Co. Inc. during the first quarter valued at approximately $44,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KKR. Barclays raised their target price on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective for the company. Oppenheimer decreased their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Finally, TD Cowen cut their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $157.79.

KKR & Co. Inc. Stock Performance

KKR stock opened at $121.13 on Wednesday. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $107.97 billion, a P/E ratio of 56.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The business’s fifty day moving average is $129.13 and its 200-day moving average is $131.14.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the prior year, the company posted $1.38 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

KKR & Co. Inc. 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.