Journey Strategic Wealth LLC Takes Position in KKR & Co. Inc. $KKR

Journey Strategic Wealth LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,362 shares of the asset manager’s stock, valued at approximately $713,000.

Other hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC lifted its position in shares of KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock worth $78,000 after acquiring an additional 72 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of KKR & Co. Inc. by 1.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after purchasing an additional 75 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of KKR & Co. Inc. by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock valued at $317,000 after purchasing an additional 84 shares during the period. Cornerstone Advisory LLC lifted its holdings in KKR & Co. Inc. by 3.0% during the 2nd quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock worth $412,000 after purchasing an additional 89 shares in the last quarter. Finally, PFG Advisors boosted its stake in KKR & Co. Inc. by 4.5% in the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock worth $239,000 after purchasing an additional 90 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 3.7%

Shares of KKR opened at $118.67 on Friday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a market capitalization of $105.78 billion, a P/E ratio of 55.20, a P/E/G ratio of 1.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm’s 50 day simple moving average is $125.76 and its 200 day simple moving average is $131.08.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 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 earned $1.38 EPS. Sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. TD Cowen lowered their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Finally, Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $156.31.

About KKR & Co. Inc.

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.