Krilogy Financial LLC Invests $858,000 in KKR & Co. Inc. $KKR

Krilogy Financial LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,413 shares of the asset manager’s stock, valued at approximately $858,000.

Other large investors have also recently modified their holdings of the company. SteelPeak Wealth LLC grew its position in KKR & Co. Inc. by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after purchasing an additional 80 shares during the last quarter. Diversified Trust Co. raised its holdings in KKR & Co. Inc. by 1.5% in the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after buying an additional 82 shares during the last quarter. Modera Wealth Management LLC raised its holdings in KKR & Co. Inc. by 4.9% in the fourth quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock worth $228,000 after buying an additional 84 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of KKR & Co. Inc. by 9.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock worth $143,000 after buying an additional 90 shares in the last quarter. Finally, Praxis Investment Management Inc. lifted its stake in shares of KKR & Co. Inc. by 0.9% in the fourth quarter. Praxis Investment Management Inc. now owns 10,006 shares of the asset manager’s stock worth $1,276,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 2.6%

Shares of KKR & Co. Inc. stock opened at $90.20 on Friday. The company has a market cap of $80.99 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company’s 50 day moving average is $97.42 and its 200 day moving average is $105.50. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. Research analysts anticipate that KKR & Co. Inc. will post 5.53 EPS for the current year.

KKR & Co. Inc. announced that its board has approved a share repurchase plan on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.195 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

Analysts Set New Price Targets

KKR has been the subject of several analyst reports. TD Cowen reduced their price target on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. UBS Group lifted their target price on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group decreased their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.53.

KKR & Co. Inc. Company Profile

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.