B. Riley Wealth Advisors Inc. Purchases New Shares in KKR & Co. Inc. $KKR

B. Riley Wealth Advisors Inc. bought a new stake in KKR & Co. Inc. (NYSE:KKR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,146 shares of the asset manager’s stock, valued at approximately $818,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Saudi Central Bank purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter worth about $28,000. Clearstead Trust LLC acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter worth $28,000. Pineridge Advisors LLC bought a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at $31,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 245 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at $51,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KKR. UBS Group assumed coverage on KKR & Co. Inc. in a report on Thursday, December 11th. They issued a “buy” rating and a $176.00 target price for the company. Oppenheimer decreased their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Barclays lifted their target price on shares of KKR & Co. Inc. from $154.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target for the company. Finally, TD Cowen dropped their price objective on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.79.

KKR & Co. Inc. Trading Down 1.0%

Shares of KKR stock opened at $133.48 on Wednesday. The company has a market capitalization of $118.98 billion, a P/E ratio of 56.56, a P/E/G ratio of 1.45 and a beta of 2.00. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $122.90 and a 200 day moving average price of $132.08.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same period last year, the firm earned $1.38 EPS. Research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.36%.

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.