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

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

Other large investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $31,000. Raleigh Capital Management Inc. increased its position in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. Eastern Bank bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $34,000. American National Bank increased its position in shares of KKR & Co. Inc. by 202.6% during the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 235 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new position in KKR & Co. Inc. in the 2nd quarter valued at $38,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.1 %

KKR & Co. Inc. stock traded down $0.20 during midday trading on Friday, reaching $155.55. The company’s stock had a trading volume of 469,353 shares, compared to its average volume of 4,207,382. The stock’s 50-day simple moving average is $147.22 and its 200-day simple moving average is $126.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 52-week low of $78.95 and a 52-week high of $163.68. The stock has a market capitalization of $138.16 billion, a P/E ratio of 47.34, a PEG ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 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 company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $0.73 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a report on Thursday. The Goldman Sachs Group upped their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JMP Securities upped their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

KKR & Co. Inc. 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.