Modera Wealth Management LLC Acquires Shares of 1,716 KKR & Co. Inc. $KKR

Modera Wealth Management LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,716 shares of the asset manager’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Saudi Central Bank purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at $28,000. DiNuzzo Private Wealth Inc. boosted its position in shares of KKR & Co. Inc. by 790.3% in 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 in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of KKR & Co. Inc. during the first quarter valued at approximately $38,000. GW&K Investment Management LLC boosted its position in shares of KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock valued at $42,000 after buying an additional 111 shares during the last quarter. Finally, SouthState Corp bought a new stake in KKR & Co. Inc. in the 1st quarter worth approximately $44,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of several analyst reports. Barclays lifted their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Oppenheimer dropped 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 research note on Tuesday, October 14th. BMO Capital Markets started coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. Keefe, Bruyette & Woods upped their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Morgan Stanley dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.27.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $121.54 on Monday. The company’s 50 day moving average is $129.87 and its two-hundred day moving average is $131.04. 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 firm has a market cap of $108.28 billion, a PE ratio of 56.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

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

KKR & Co. Inc. Dividend Announcement

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

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.