Integrated Advisors Network LLC, a financial services firm, has recently reduced its holdings in KKR & Co. Inc., an asset management company listed on the New York Stock Exchange (NYSE:KKR). According to documents filed with the Securities and Exchange Commission (SEC), the firm sold 2,107 shares of KKR & Co. Inc., representing an 8.3% decrease in their ownership during the second quarter of this year. As a result of this transaction, Integrated Advisors Network LLC’s stake in KKR & Co. Inc. now stands at 23,423 shares, valued at approximately $1,312,000.
This development comes at a time when investors are closely monitoring the performance of KKR & Co. Inc., particularly after the release of its latest earnings report on August 7th. The company reported earnings per share (EPS) of $0.94 for the quarter, surpassing market expectations by $0.23 per share. Furthermore, KKR & Co. Inc.’s revenue for the same period was reported to be $3.63 billion, significantly higher than analyst estimates of $1.17 billion.
The robust financial performance demonstrated by KKR & Co. Inc. is attributed to various factors contributing to its success in recent years. The company has successfully capitalized on lucrative investment opportunities in both public and private markets while also focusing on strategic acquisitions within the asset management sector.
Notably, KKR & Co. Inc.’s return on equity stands at 4.50%, indicating efficient utilization of shareholder funds for generating profits despite market challenges and economic uncertainties during these times.
Analysts following KKR & Co. Inc.’s stock anticipate that it will continue to yield positive results throughout the current year as well. Based on their projections, sell-side analysts expect the company’s earnings per share for this year to be around $2.79.
Investors interested in gaining further insights into the company’s performance and market trends can refer to our latest stock analysis on KKR & Co. Inc. This analysis provides a comprehensive overview of the company’s financials, strategic position, and potential growth opportunities.
Overall, despite the reduction in holdings by Integrated Advisors Network LLC, KKR & Co. Inc.’s strong financial results, coupled with its projected earnings growth, indicate promising prospects for investors considering this asset management company as part of their investment portfolio.
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Investors Show Confidence in KKR & Co. Inc. as They Increase Stakes
In recent news, several large investors have made significant changes to their positions in the asset manager, KKR & Co. Inc. These investors include CWM LLC, Driehaus Capital Management LLC, Massmutual Trust Co. FSB ADV, Industrial Alliance Investment Management Inc., and Harbor Capital Advisors Inc. Each investor has increased their stake in the company by acquiring additional shares during different periods of time.
CWM LLC raised its stake in KKR & Co. Inc. by 2.9% during the first quarter, adding 194 shares to its portfolio. This translates to a value of $366,000 for the 6,971 shares currently owned by CWM LLC.
Driehaus Capital Management LLC also increased its position in KKR & Co. Inc., purchasing an additional 198 shares during the fourth quarter. This places Driehaus Capital Management’s total ownership at 5,492 shares worth approximately $255,000.
Similarly, Massmutual Trust Co. FSB ADV augmented its holdings in the company by 63.7% during the first quarter with an additional 200 shares valued at $27,000.
Industrial Alliance Investment Management Inc., on the other hand, added merely 200 shares to its portfolio during the fourth quarter but saw a slight increase in its ownership of KKR & Co. Inc.’s stock from previous holdings of 37,720 shares to a current value of approximately $1,760,000.
Lastly, Harbor Capital Advisors Inc.’s position in KKR & Co. Inc. grew by 1.6% during the second quarter as they acquired an extra 212 shares amounting to a total of 13,475 shares worth $755,000.
Institutional investors and hedge funds now own approximately 54.97% of KKR & Co.Inc.’s stock as a result of these changes made by prominent investors. It is intriguing to see these investors take on additional shares, indicating their continued confidence in the asset manager’s performance and prospects.
Moving on to KKR & Co. Inc.’s stock performance, it opened at a price of $62.17 on Friday. The stock has been experiencing steady movement with its 50-day moving average price at $61.29 and its 200-day moving average price at $55.64. The company has shown significant growth over the past year, with its stock reaching a 12-month high of $64.77.
KKR & Co.Inc., with a current ratio and a quick ratio both standing at 0.07, demonstrates relatively low liquidity levels compared to its peers in the industry. However, it maintains a solid debt-to-equity ratio of 0.78, which suggests efficient financial management by KKR & Co.Inc.’s management team.
With a market capitalization of $53.32 billion and a price-to-earnings ratio of 48.57, KKR & Co.Inc.’s stock appears to be valued appropriately by investors given its current financial performance and growth potential.
Furthermore, KKR & Co.Inc.’s recent announcement regarding a quarterly dividend is significant news for shareholders. The dividend was paid on August 31st to stockholders of record as of August 17th, equating to $0.165 per share on an annualized basis and providing a dividend yield of 1.06%. Currently, the company’s payout ratio stands at 51.56%, indicating that it distributes more than half of its earnings as dividends.
Several research reports have also been published about KKR & Co.Inc., shedding light on the company’s potential future performance.The reports suggest positive outlook for KKR&Co.Inc., with BMO Capital Markets and Oppenheimer boosting their price targets from $72 to $74 and from $88 to $91 respectively. Barclays also raised their price target from $73 to $82, while Piper Sandler increased their target price on the stock from $59 to $70. However, it is crucial to note that StockNews.com initiated coverage on KKR & Co.Inc.with a “sell” rating.
In conclusion, KKR & Co. Inc. has seen significant changes in its shareholder base, with notable investors increasing their stakes in the company. This indicates confidence in its performance and potential for growth. With a solid financial position and positive research reports, KKR & Co. Inc. appears to be poised for continued success in the asset management industry.
