Focus Partners Advisor Solutions LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Focus Partners Advisor Solutions LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,347 shares of the asset manager's stock, valued at approximately $1,383,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Farmers & Merchants Investments Inc. boosted its stake in KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after purchasing an additional 65 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after acquiring an additional 69 shares during the period. Ballentine Partners LLC boosted its position in shares of KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock worth $191,000 after acquiring an additional 70 shares during the last quarter. Finally, Calamos Wealth Management LLC increased its position in KKR & Co. Inc. by 2.0% during the fourth quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager's stock worth $580,000 after acquiring an additional 78 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert W. Scully purchased 13,250 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director now owns 13,250 shares of the company's stock, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $118.10 on Friday. The business has a 50 day simple moving average of $112.88 and a 200 day simple moving average of $135.21. 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 market capitalization of $105.18 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted $0.97 earnings per share. The business's revenue for the quarter was down 67.8% compared to the same quarter last year. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.185 per share. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. JMP Securities reduced their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, Barclays raised their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $149.14.

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.

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