Legacy Wealth Management LLC MS Invests $623,000 in KKR & Co. Inc. (NYSE:KKR)

Legacy Wealth Management LLC MS acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,774 shares of the asset manager’s stock, valued at approximately $623,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in KKR & Co. Inc. by 8.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after acquiring an additional 4,719 shares during the last quarter. Swedbank AB boosted its stake in shares of KKR & Co. Inc. by 33.5% during the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after purchasing an additional 16,424 shares during the period. XTX Topco Ltd boosted its stake in shares of KKR & Co. Inc. by 116.8% during the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock valued at $3,117,000 after purchasing an additional 15,959 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 42.1% during the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after purchasing an additional 4,481 shares during the period. Finally, Cinctive Capital Management LP purchased a new stake in shares of KKR & Co. Inc. during the third quarter valued at approximately $4,725,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $0.20 during trading hours on Friday, reaching $155.55. 469,353 shares of the stock traded hands, compared to its average volume of 4,207,382. The company has a 50 day moving average price of $147.22 and a 200 day moving average price of $126.49. The firm has a market capitalization of $138.16 billion, a price-to-earnings ratio of 47.34, a P/E/G ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a one year low of $78.95 and a one year high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.73 EPS. On average, equities research analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.45%. KKR & Co. Inc.’s payout ratio is currently 21.28%.

Analyst Ratings Changes

A number of brokerages recently commented on KKR. Redburn Atlantic began coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. Morgan Stanley raised their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Evercore ISI raised their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Barclays raised their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday. Finally, TD Cowen raised their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.