Uniting Wealth Partners LLC Makes New $1.38 Million Investment in KKR & Co. Inc. $KKR

Uniting Wealth Partners LLC purchased a new position in KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,000 shares of the asset manager’s stock, valued at approximately $1,377,000.

A number of other institutional investors have also recently made changes to their positions in KKR. Washington Trust Advisors Inc. purchased a new position in KKR & Co. Inc. in the fourth quarter worth $27,000. Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at about $27,000. SouthState Bank Corp raised its position in KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $29,000. Finally, MV Capital Management Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $31,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $113.93 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10. The firm has a market cap 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 business has a 50 day moving average price of $98.75 and a 200-day moving average price of $97.75.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared 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 dividend on an annualized basis 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 24.84%.

KKR & Co. Inc. declared that its Board of Directors has approved a stock repurchase plan on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on KKR shares. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Argus boosted their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Barclays boosted their target price on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Royal Bank Of Canada upped their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, TD Cowen increased their price target on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $127.75.

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.