AMJ Financial Wealth Management Makes New $9.93 Million Investment in KKR & Co. Inc. $KKR

AMJ Financial Wealth Management purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 76,420 shares of the asset manager’s stock, valued at approximately $9,931,000. KKR & Co. Inc. makes up about 2.4% of AMJ Financial Wealth Management’s portfolio, making the stock its 16th biggest holding.

A number of other hedge funds have also recently made changes to their positions in KKR. Covenant Asset Management LLC lifted its holdings in KKR & Co. Inc. by 1,424.8% in the third quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock worth $3,876,000 after buying an additional 27,870 shares during the period. Cumberland Partners Ltd raised its position in shares of KKR & Co. Inc. by 816.2% in the 3rd quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock worth $3,352,000 after acquiring an additional 22,976 shares in the last quarter. Allen Investment Management LLC raised its position in shares of KKR & Co. Inc. by 165.0% in the 3rd quarter. Allen Investment Management LLC now owns 247,375 shares of the asset manager’s stock worth $32,146,000 after acquiring an additional 154,009 shares in the last quarter. Stonegate Investment Group LLC purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $6,219,000. Finally, Generali Asset Management SPA SGR boosted its position in shares of KKR & Co. Inc. by 132.5% during the third quarter. Generali Asset Management SPA SGR now owns 37,323 shares of the asset manager’s stock valued at $4,850,000 after purchasing an additional 21,270 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Matt Cohler acquired 43,872 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were bought at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the transaction, the director directly owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. This represents a 2,733.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott C. Nuttall acquired 125,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the acquisition, the chief executive officer directly owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This represents a 0.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 343,872 shares of company stock worth $35,367,179 over the last three months. Company insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KKR shares. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Wednesday, January 28th. Barclays decreased their price target on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Oppenheimer cut their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, UBS Group lowered their target price on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $153.50.

KKR & Co. Inc. Stock Down 0.5%

NYSE:KKR opened at $101.14 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $90.15 billion, a P/E ratio of 43.22, a P/E/G ratio of 0.80 and a beta of 1.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87. The firm has a 50-day simple moving average of $120.99 and a two-hundred day simple moving average of $127.24.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.185 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

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.