United Asset Strategies Inc. Invests $1.83 Million in KKR & Co. Inc. (NYSE:KKR)

United Asset Strategies Inc. purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,074 shares of the asset manager’s stock, valued at approximately $1,829,000.

A number of other hedge funds have also modified their holdings of the business. E&G Advisors LP boosted its holdings in KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock valued at $723,000 after acquiring an additional 126 shares during the period. Nordea Investment Management AB raised its position in KKR & Co. Inc. by 0.3% in the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after purchasing an additional 133 shares in the last quarter. AE Wealth Management LLC raised its position in KKR & Co. Inc. by 1.2% in the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after purchasing an additional 168 shares in the last quarter. Cigna Investments Inc. New raised its position in KKR & Co. Inc. by 2.8% in the 4th quarter. Cigna Investments Inc. New now owns 7,006 shares of the asset manager’s stock valued at $580,000 after purchasing an additional 192 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in KKR & Co. Inc. by 0.7% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 26,861 shares of the asset manager’s stock valued at $1,655,000 after purchasing an additional 198 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’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 disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Up 0.5 %

Shares of KKR stock opened at $96.28 on Wednesday. The business’s 50 day moving average is $97.76 and its two-hundred day moving average is $81.51. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48. The company has a market capitalization of $85.21 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 0.86 and a beta of 1.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. Equities analysts forecast that KKR & Co. Inc. will post 4.26 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.69%. KKR & Co. Inc.’s payout ratio is 16.18%.

Analyst Ratings Changes

KKR has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. TD Cowen raised their target price on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Wells Fargo & Company raised their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Morgan Stanley raised their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Barclays raised their target price on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.64.

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.