Uniting Wealth Partners LLC Takes Position in KKR & Co. Inc. $KKR

Uniting Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,000 shares of the asset manager’s stock, valued at approximately $1,377,000.

Several other large investors also recently added to or reduced their stakes in the company. RW Investment Management LLC purchased a new stake in KKR & Co. Inc. during the second quarter valued at about $896,000. Flputnam Investment Management Co. purchased a new position in shares of KKR & Co. Inc. in the second quarter worth about $230,000. Global Retirement Partners LLC purchased a new position in shares of KKR & Co. Inc. in the second quarter worth about $744,000. Bank of New York Mellon Corp bought a new stake in shares of KKR & Co. Inc. in the second quarter valued at approximately $298,311,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of KKR & Co. Inc. in the second quarter valued at approximately $1,299,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Oppenheimer lowered their target price on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. BMO Capital Markets raised their price target on KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Argus lifted their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.75.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $113.93 on Monday. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $152.10. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $102.27 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 0.97 and a beta of 1.78. The firm’s 50 day simple moving average is $98.75 and its 200 day simple moving average is $97.75.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS 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 the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same period last year, the firm earned $1.18 EPS. As a group, analysts expect that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

KKR & Co. Inc. announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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.