Apollon Wealth Management LLC Purchases 5,869 Shares of KKR & Co. Inc. (NYSE:KKR)

Apollon Wealth Management LLC boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 78.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,343 shares of the asset manager’s stock after purchasing an additional 5,869 shares during the period. Apollon Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,974,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. grew its stake in KKR & Co. Inc. by 273.5% during the 3rd quarter. Mather Group LLC. now owns 986 shares of the asset manager’s stock worth $129,000 after buying an additional 722 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in KKR & Co. Inc. by 259.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,873 shares of the asset manager’s stock worth $636,000 after acquiring an additional 3,518 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of KKR & Co. Inc. by 25.8% during the third quarter. Valeo Financial Advisors LLC now owns 5,097 shares of the asset manager’s stock worth $666,000 after acquiring an additional 1,045 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of KKR & Co. Inc. during the third quarter valued at about $293,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of KKR & Co. Inc. by 10,185.2% during the third quarter. Exchange Traded Concepts LLC now owns 6,274 shares of the asset manager’s stock valued at $819,000 after acquiring an additional 6,213 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $148.65 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a 50 day moving average price of $153.85 and a 200-day moving average price of $139.59. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The firm has a market cap of $132.03 billion, a price-to-earnings ratio of 44.64, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KKR. Wells Fargo & Company dropped their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $161.43.

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.