Marks Group Wealth Management Inc Has $620,000 Position in KKR & Co. Inc. (NYSE:KKR)

Marks Group Wealth Management Inc raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,480 shares of the asset manager’s stock after acquiring an additional 146 shares during the quarter. Marks Group Wealth Management Inc’s holdings in KKR & Co. Inc. were worth $620,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after acquiring an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $30,000. NBC Securities Inc. acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth about $43,000. Naples Money Management LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $43,000. Finally, CVA Family Office LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $48,000. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley upped their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Wells Fargo & Company upped their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Finally, TD Cowen lifted their price objective on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.64.

KKR & Co. Inc. Price Performance

Shares of KKR traded up $3.27 during trading hours on Tuesday, hitting $97.74. The stock had a trading volume of 1,467,509 shares, compared to its average volume of 3,431,717. The stock has a market capitalization of $86.50 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 0.85 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The company’s fifty day moving average is $97.55 and its two-hundred day moving average is $82.46. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. On average, analysts anticipate that KKR & Co. Inc. will post 4.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 16.18%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

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.