Founders Financial Alliance LLC Makes New $253,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Founders Financial Alliance LLC invested $253,000 in KKR & Co. Inc., purchasing 2,185 shares in the first quarter.
• KKR declared a quarterly dividend of $0.185 per share, marking an increase from the previous dividend of $0.18.
• Analysts have provided a mixed outlook for KKR's stock, with price targets ranging from $142.00 to $170.00 after recent ratings changes by various brokerages.

Founders Financial Alliance LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,185 shares of the asset manager's stock, valued at approximately $253,000.

Several other institutional investors have also recently added to or reduced their stakes in KKR. McIlrath & Eck LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. in the fourth quarter valued at about $31,000. Ameriflex Group Inc. bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $46,000. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. in the first quarter worth $38,000. Finally, GW&K Investment Management LLC lifted its position in shares of KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $142.82 on Friday. The company has a market capitalization of $127.20 billion, a P/E ratio of 66.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.87. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company's 50 day moving average price is $135.44 and its two-hundred day moving average price is $127.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. During the same period in the previous year, the business earned $1.09 EPS. On average, analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider owned 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy R. Barakett acquired 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the acquisition, the director owned 185,000 shares in the company, valued at approximately $21,815,200. This represents a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 9,281,394 shares of company stock worth $618,358,033. Company insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KKR. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a report on Wednesday, July 9th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Finally, Citigroup lifted their price target on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $157.73.

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.

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