Focus Partners Advisor Solutions LLC Boosts Position in KKR & Co. Inc. $KKR

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in KKR & Co. Inc. by 25.6% in the first quarter, owning 11,741 shares worth $1,357,000.
• Chairman George R. Roberts sold over 809,906 shares of KKR stock at an average price of $144.25, reducing his ownership by 0.99%.
• Analysts have varied ratings on KKR shares, with recent targets ranging from $150.00 to $162.00, while the stock has a consensus rating of Moderate Buy.

Focus Partners Advisor Solutions LLC increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 25.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,741 shares of the asset manager's stock after acquiring an additional 2,394 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in KKR & Co. Inc. were worth $1,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new position in KKR & Co. Inc. during the first quarter worth $844,137,000. Jennison Associates LLC raised its stake in KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after buying an additional 4,306,290 shares during the last quarter. Nuveen Asset Management LLC raised its stake in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after buying an additional 3,391,581 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after buying an additional 2,391,434 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in KKR & Co. Inc. by 10,808.5% during the first quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock worth $133,617,000 after buying an additional 1,145,158 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 1.3%

Shares of NYSE:KKR traded down $1.82 during mid-day trading on Friday, hitting $135.53. 3,412,970 shares of the company traded hands, compared to its average volume of 2,726,722. The stock has a 50-day moving average price of $141.90 and a two-hundred day moving average price of $126.04. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market cap of $120.75 billion, a P/E ratio of 63.04, a P/E/G ratio of 1.49 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is 34.42%.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KKR. Citigroup raised their price objective on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Barclays raised their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Piper Sandler started coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 price objective for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. 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.