Marks Group Wealth Management Inc Has $1.64 Million Position in KKR & Co. Inc. $KKR

Marks Group Wealth Management Inc increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 173.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,831 shares of the asset manager’s stock after acquiring an additional 8,134 shares during the period. Marks Group Wealth Management Inc’s holdings in KKR & Co. Inc. were worth $1,636,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KKR. Brighton Jones LLC boosted its position in KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $218,000. Sivia Capital Partners LLC boosted its position in KKR & Co. Inc. by 13.1% in the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after buying an additional 237 shares in the last quarter. United Bank acquired a new position in KKR & Co. Inc. in the second quarter valued at about $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in KKR & Co. Inc. in the second quarter valued at about $4,826,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KKR shares. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. TD Cowen reduced their price target on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Royal Bank Of Canada reduced their price target on shares of KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. UBS Group boosted their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group reduced their price target on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.53.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $95.67 on Wednesday. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The firm’s 50 day moving average is $97.02 and its 200-day moving average is $107.83. The firm has a market capitalization of $85.89 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 0.81 and a beta of 1.79. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The company had revenue of $5.74 billion for the quarter. Sell-side analysts forecast that KKR & Co. Inc. will post 5.51 EPS for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has initiated a share buyback program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.195 per share. The ex-dividend date was Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 26.53%.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.