Marks Group Wealth Management Inc Purchases 334 Shares of KKR & Co. Inc. $KKR

Marks Group Wealth Management Inc increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 7.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,036 shares of the asset manager’s stock after purchasing an additional 334 shares during the period. Marks Group Wealth Management Inc’s holdings in KKR & Co. Inc. were worth $670,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of KKR & Co. Inc. during the 1st quarter worth approximately $844,137,000. Jennison Associates LLC boosted its position in KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock worth $507,972,000 after purchasing an additional 4,306,290 shares during the period. Amundi raised its position in shares of KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock worth $2,206,042,000 after buying an additional 2,391,434 shares during the last quarter. Finally, Unisphere Establishment lifted its stake in shares of KKR & Co. Inc. by 1,594.5% during the 1st quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock worth $145,946,000 after buying an additional 1,187,900 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KKR shares. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Saturday, September 27th. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research note on Friday. They set an “outperform” rating and a $148.00 target price on the stock. Piper Sandler initiated coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.40.

KKR & Co. Inc. Stock Down 0.7%

Shares of NYSE KKR opened at $126.79 on Tuesday. The stock’s fifty day moving average is $140.45 and its 200 day moving average is $128.58. The stock has a market capitalization of $112.96 billion, a P/E ratio of 58.97, a PEG ratio of 1.40 and a beta of 1.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. Sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is presently 34.42%.

Insider Buying and Selling

In other news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares of the company’s stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.34% of the company’s stock.

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.