Apollon Wealth Management LLC Raises Stock Position in KKR & Co. Inc. $KKR

Apollon Wealth Management LLC increased its stake in KKR & Co. Inc. (NYSE:KKR) by 10.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 18,885 shares of the asset manager’s stock after acquiring an additional 1,806 shares during the quarter. Apollon Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $2,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Saudi Central Bank acquired a new stake in KKR & Co. Inc. during the 1st quarter worth $28,000. DiNuzzo Private Wealth Inc. boosted its stake in KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in KKR & Co. Inc. during the 1st quarter worth $38,000. GW&K Investment Management LLC boosted its stake in 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 during the last quarter. Finally, SouthState Corp acquired a new stake in KKR & Co. Inc. during the 1st quarter worth $44,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the company’s 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 transaction, the chairman owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Trading Down 5.0%

Shares of KKR stock opened at $117.88 on Monday. The company’s 50-day moving average price is $138.46 and its 200-day moving average price is $128.64. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a market cap of $105.03 billion, a price-to-earnings ratio of 54.83, a PEG ratio of 1.29 and a beta of 1.91. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KKR shares. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Finally, Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.40.

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.