Focus Partners Advisor Solutions LLC Invests $1.30 Million in KKR & Co. Inc. $KKR

Key Points

• Focus Partners Advisor Solutions purchased 14,148 KKR shares worth approximately $1.30 million in the second quarter, while institutional investors and hedge funds collectively own 76.26% of the stock.
• Analysts maintain a positive outlook, with 12 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $127.75 price target, despite some target reductions.
• KKR beat quarterly earnings expectations with $1.63 EPS versus $1.43 estimated and reported $5.73 billion in revenue; the company also authorized a $500 million share buyback and declared a $0.195 quarterly dividend.

Focus Partners Advisor Solutions LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,148 shares of the asset manager's stock, valued at approximately $1,299,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. grew its position in KKR & Co. Inc. by 0.9% during the 4th quarter. Praxis Investment Management Inc. now owns 10,006 shares of the asset manager's stock worth $1,276,000 after purchasing an additional 94 shares during the period. Horizon Bancorp Inc. IN lifted its holdings in shares of KKR & Co. Inc. by 3.8% in the 1st quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager's stock valued at $243,000 after buying an additional 95 shares during the period. Western Pacific Wealth Management LP boosted its stake in shares of KKR & Co. Inc. by 34.8% in the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager's stock worth $36,000 after buying an additional 100 shares during the last quarter. Wernau Asset Management Inc. boosted its stake in shares of KKR & Co. Inc. by 1.0% in the first quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager's stock worth $1,006,000 after buying an additional 104 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in KKR & Co. Inc. by 1.6% during the fourth quarter. OLD National Bancorp IN now owns 6,711 shares of the asset manager's stock worth $856,000 after acquiring an additional 106 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent research reports. Oppenheimer reduced their price target on KKR & Co. Inc. from $143.00 to $139.00 and set an "outperform" rating for the company in a research report on Friday, July 17th. Morgan Stanley lowered their price objective on KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. BMO Capital Markets raised their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, June 16th. Finally, Royal Bank Of Canada lifted their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.75.

KKR & Co. Inc. Trading Down 0.1%

KKR stock opened at $113.93 on Monday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The firm has a market cap of $102.27 billion, a P/E ratio of 36.28, a PEG ratio of 0.97 and a beta of 1.78. The company's 50-day simple moving average is $98.75 and its 200-day simple moving average is $97.75.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same quarter in the previous year, the business earned $1.18 EPS. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 10th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 24.84%.

About KKR & Co. Inc.

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.

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