Northwestern Mutual Wealth Management Co. Takes Position in KKR & Co. Inc. $KKR

Northwestern Mutual Wealth Management Co. bought a new position in KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 70,217 shares of the asset manager’s stock, valued at approximately $6,445,000.

A number of other large investors have also added to or reduced their stakes in KKR. Praxis Investment Management Inc. lifted its holdings in shares of 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 valued at $1,276,000 after buying an additional 94 shares during the period. Horizon Bancorp Inc. IN increased its position in KKR & Co. Inc. by 3.8% during the first quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager’s stock valued at $243,000 after acquiring an additional 95 shares during the last quarter. Western Pacific Wealth Management LP increased its position in KKR & Co. Inc. by 34.8% during the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Wernau Asset Management Inc. lifted its holdings in 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 valued at $1,006,000 after acquiring an additional 104 shares during the period. Finally, Mission Wealth Management LP lifted its holdings in KKR & Co. Inc. by 0.5% in the fourth quarter. Mission Wealth Management LP now owns 20,567 shares of the asset manager’s stock valued at $2,622,000 after acquiring an additional 110 shares during the period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of several research reports. Argus raised 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. BMO Capital Markets upped their price target on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. HSBC increased their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. UBS Group raised their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, TD Cowen boosted their target price 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 equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.75.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $108.59 on Monday. The company has a market capitalization of $97.47 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.78. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The business’s fifty day moving average is $100.09 and its 200 day moving average is $97.51. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations 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 prior year, the business posted $1.18 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. announced that its board has approved a share repurchase program on Tuesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Announces Dividend

The business 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 is Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is 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.