Modera Wealth Management LLC Invests $228,000 in KKR & Co. Inc. $KKR

Modera Wealth Management LLC acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,716 shares of the asset manager’s stock, valued at approximately $228,000.

A number of other institutional investors have also recently added to or reduced their stakes in KKR. Bruce G. Allen Investments LLC increased its position in KKR & Co. Inc. by 13.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock valued at $78,000 after acquiring an additional 72 shares during the period. Moors & Cabot Inc. lifted its position in shares of KKR & Co. Inc. by 1.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after acquiring an additional 75 shares during the last quarter. Cornerstone Advisory LLC boosted its holdings in shares of KKR & Co. Inc. by 3.0% in the second quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock worth $412,000 after buying an additional 89 shares during the period. PFG Advisors grew its holdings in shares of KKR & Co. Inc. by 4.5% during the first quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock valued at $239,000 after buying an additional 90 shares in the last quarter. Finally, Chemistry Wealth Management LLC grew its position in KKR & Co. Inc. by 0.7% during the second quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager’s stock valued at $1,628,000 after purchasing an additional 90 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KKR has been the subject of a number of recent analyst reports. Citizens Jmp cut KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Barclays raised their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Keefe, Bruyette & Woods increased their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, JMP Securities restated a “market perform” rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.27.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $121.54 on Monday. The business has a 50-day moving average of $129.87 and a 200-day moving average of $131.04. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market capitalization of $108.28 billion, a price-to-earnings ratio of 56.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.36%.

About KKR & Co. Inc.

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.