4,774 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,774 shares of the asset manager's stock, valued at approximately $623,000.

Several other large investors also recently made changes to their positions in KKR. Envestnet Portfolio Solutions Inc. increased its stake in shares of KKR & Co. Inc. by 4.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,628 shares of the asset manager's stock worth $2,802,000 after purchasing an additional 1,075 shares in the last quarter. Swedbank AB raised 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 acquiring an additional 16,424 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of KKR & Co. Inc. by 19.0% during the second quarter. Valley National Advisers Inc. now owns 1,525 shares of the asset manager's stock worth $160,000 after purchasing an additional 243 shares during the period. Blue Trust Inc. grew its stake in shares of KKR & Co. Inc. by 40.8% in the second quarter. Blue Trust Inc. now owns 2,712 shares of the asset manager's stock worth $273,000 after purchasing an additional 786 shares during the last quarter. Finally, CFM Wealth Partners LLC increased its stake in shares of KKR & Co. Inc. by 26.3% during the second quarter. CFM Wealth Partners LLC now owns 21,655 shares of the asset manager's stock valued at $2,279,000 after buying an additional 4,507 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $1.41 on Friday, hitting $154.34. 2,612,607 shares of the company's stock were exchanged, compared to its average volume of 4,216,775. KKR & Co. Inc. has a 1 year low of $78.95 and a 1 year high of $163.68. The company has a 50-day simple moving average of $147.64 and a 200-day simple moving average of $126.82. 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 stock has a market capitalization of $137.09 billion, a PE ratio of 46.91, a PEG ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping 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 analysts' expectations of $1.23 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup boosted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, October 25th. StockNews.com upgraded shares of KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a "strong-buy" rating in a research note on Wednesday, September 18th. TD Cowen raised their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Redburn Atlantic initiated coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.