Conquis Financial LLC Takes $621,000 Position in KKR & Co. Inc. $KKR

Conquis Financial LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,777 shares of the asset manager’s stock, valued at approximately $621,000. KKR & Co. Inc. comprises about 0.6% of Conquis Financial LLC’s portfolio, making the stock its 15th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. PFG Investments LLC bought a new position in shares of KKR & Co. Inc. during the third quarter worth $255,000. Y Intercept Hong Kong Ltd acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth $17,407,000. UniSuper Management Pty Ltd raised its stake in KKR & Co. Inc. by 15.1% during the 3rd quarter. UniSuper Management Pty Ltd now owns 53,718 shares of the asset manager’s stock worth $6,981,000 after buying an additional 7,063 shares during the period. RMG Wealth Management LLC bought a new position in KKR & Co. Inc. during the third quarter worth about $90,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of KKR & Co. Inc. by 11.9% in the third quarter. Parkside Financial Bank & Trust now owns 1,420 shares of the asset manager’s stock worth $185,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $121.27 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a market capitalization of $108.10 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.99. The firm’s 50 day moving average is $128.15 and its 200-day moving average is $132.65.

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

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

KKR has been the topic of several recent analyst reports. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price objective for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings cut shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Citigroup dropped 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 report on Monday, October 13th. Finally, BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.43.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.