Legacy Wealth Management LLC MS Buys 274 Shares of KKR & Co. Inc. (NYSE:KKR)

Legacy Wealth Management LLC MS increased its stake in KKR & Co. Inc. (NYSE:KKR) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 5,048 shares of the asset manager’s stock after acquiring an additional 274 shares during the period. Legacy Wealth Management LLC MS’s holdings in KKR & Co. Inc. were worth $747,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of KKR & Co. Inc. by 7.0% in the 2nd quarter. Victory Capital Management Inc. now owns 231,346 shares of the asset manager’s stock valued at $24,347,000 after buying an additional 15,140 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new position in KKR & Co. Inc. during the second quarter valued at approximately $38,000. New York Life Investment Management LLC lifted its stake in KKR & Co. Inc. by 566.6% during the second quarter. New York Life Investment Management LLC now owns 73,922 shares of the asset manager’s stock worth $7,780,000 after purchasing an additional 62,832 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of KKR & Co. Inc. by 3.2% during the 2nd quarter. Private Advisor Group LLC now owns 14,686 shares of the asset manager’s stock worth $1,546,000 after buying an additional 458 shares during the last quarter. Finally, Candriam S.C.A. increased its holdings in shares of KKR & Co. Inc. by 3.1% during the second quarter. Candriam S.C.A. now owns 167,967 shares of the asset manager’s stock worth $17,676,000 after buying an additional 4,976 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of several research reports. Oppenheimer boosted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. The Goldman Sachs Group lifted their price target 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. JMP Securities increased their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $1.94 during trading on Monday, reaching $153.97. 307,274 shares of the stock traded hands, compared to its average volume of 1,161,603. KKR & Co. Inc. has a 52-week low of $80.20 and a 52-week high of $163.68. The company has a 50-day moving average of $151.42 and a 200-day moving average of $131.72. The stock has a market capitalization of $136.76 billion, a P/E ratio of 46.80, a price-to-earnings-growth ratio of 1.22 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. (NYSE:KKR) last released its quarterly earnings data 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 company 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 period last year, the firm earned $0.73 EPS. Analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.45%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 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.