Moran Wealth Management LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Moran Wealth Management LLC bought a new position in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,409 shares of the asset manager’s stock, valued at approximately $208,000.

Other large investors also recently modified their holdings of the company. Pettinga Financial Advisors LLC bought a new position in KKR & Co. Inc. in the third quarter valued at about $238,000. Sigma Planning Corp lifted its position in KKR & Co. Inc. by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after purchasing an additional 81 shares during the period. Ashton Thomas Securities LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at about $77,000. Apollon Wealth Management LLC boosted its stake in shares of KKR & Co. Inc. by 65.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 7,474 shares of the asset manager’s stock valued at $976,000 after purchasing an additional 2,961 shares during the last quarter. Finally, WealthPLAN Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $211,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KKR has been the topic of several analyst reports. The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Barclays reduced their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $114.23 on Thursday. The firm has a market cap of $101.46 billion, a P/E ratio of 34.30, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50 day moving average price is $143.74 and its two-hundred day moving average price is $141.84.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

KKR & Co. Inc. Company 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.