United Asset Strategies Inc. Acquires 2,556 Shares of KKR & Co. Inc. $KKR

United Asset Strategies Inc. raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,074 shares of the asset manager’s stock after purchasing an additional 2,556 shares during the quarter. United Asset Strategies Inc.’s holdings in KKR & Co. Inc. were worth $1,872,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of 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 purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $218,000. Allworth Financial LP boosted its position in shares of KKR & Co. Inc. by 4.0% in the 1st quarter. Allworth Financial LP now owns 5,143 shares of the asset manager’s stock worth $582,000 after purchasing an additional 199 shares during the last quarter. CWM LLC grew its position in shares of KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock worth $1,039,000 after buying an additional 398 shares during the period. Finally, Bleakley Financial Group LLC raised its position in shares of KKR & Co. Inc. by 0.9% in the 1st quarter. Bleakley Financial Group LLC now owns 37,990 shares of the asset manager’s stock valued at $4,392,000 after acquiring an additional 340 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 0.8%

KKR opened at $121.13 on Wednesday. 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’s fifty day simple moving average is $129.13 and its 200 day simple moving average is $131.14. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The stock has a market cap of $107.92 billion, a PE ratio of 56.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm earned $1.38 earnings per share. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

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

KKR & Co. Inc. Company 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.