Waterfront Wealth Inc. Has $6 Million Holdings in KKR & Co. Inc. $KKR

Waterfront Wealth Inc. raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,105 shares of the asset manager’s stock after acquiring an additional 220 shares during the quarter. KKR & Co. Inc. makes up 1.3% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 16th largest holding. Waterfront Wealth Inc.’s holdings in KKR & Co. Inc. were worth $6,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in KKR & Co. Inc. during the 1st quarter valued at about $28,000. DiNuzzo Private Wealth Inc. grew 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 valued at $37,000 after acquiring an additional 245 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in KKR & Co. Inc. during the 1st quarter valued at about $38,000. GW&K Investment Management LLC grew 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 valued at $42,000 after acquiring an additional 111 shares in the last quarter. Finally, SouthState Corp purchased a new position in KKR & Co. Inc. during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets assumed coverage on 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. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Barclays boosted their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Finally, JMP Securities reissued a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $157.27.

KKR & Co. Inc. Stock Down 1.3%

Shares of KKR & Co. Inc. stock opened at $120.62 on Wednesday. The stock has a market capitalization of $107.47 billion, a P/E ratio of 56.10, a PEG ratio of 1.37 and a beta of 1.91. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average price of $133.19 and a two-hundred day moving average price of $129.94. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the prior year, the business earned $1.09 earnings per share. Equities analysts expect 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 dividend of $0.185 per share. 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 (DPR) is currently 34.42%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is owned by insiders.

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.