KKRpB.PFD News and Headlines - KKR & Co Inc

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Massive spending on fixed assets may anticipate growth

The following companies have increased their funds allocated to the purchase of fixed assets significantly over recent years. This trend may signal that these companies are expecting an increase in the demand for their goods and services in the near future, which could produce higher sales.

Wall Street sell-side analysts also recommend these stocks, as they have issued positive ratings.

Caesars Entertainment Inc

The first company that should attract the interest of investors is Caesars Entertainment Inc (CZR), a Reno, Nevada-based operator of casinos and resorts in the U.S.

Caesars Entertainment purchased property, plant and equipment worth nearly $171

60 Views    Alberto Abaterusso    2020-08-25 16:06
Firm boosts stake in several existing positions

Akre Capital Management, the firm founded by Chuck Akre (Trades, Portfolio), disclosed this week that its top five trades during the second quarter were position expansions of CoStar Group Inc. (CGSP), Ansys Inc. (ANSS), Mastercard Inc. (MA), Brookfield Asset Management (BAM) and KKR & Co. Inc. (KKR).

The Middleburg, Virginia-based firm seeks long-term capital appreciation through a classic value investing approach. Akre Capital Management looks for companies with strong business models, high return on equity, shareholder-friendly management and low price-to-free-cash-flow ratios.

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As of the quarter-end, Akre Capital Management's

551 Views    James Li    2020-08-12 19:38
Firm's largest sales of the 2nd quarter

Richard Pzena (Trades, Portfolio) is the founder and Chief Investment Officer of Pzena Investment Management LLC. The hedge fund has an equity portfolio valued at $15.33 billion and composed of 169 stocks. It sold shares of the following stocks during the second quarter of 2020.

The Interpublic Group of Companies

The fund trimmed its position in The Interpublic Group of Companies Inc. (IPG) by 57.25%. The trade had an impact of -1.06% on the portfolio.

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The holding company has a market cap of $7.16 billion and an enterprise value of

78 Views    Tiziano Frateschi    2020-08-04 15:13
Firm's largest sales of the 1st quarter

Jeff Ubben (Trades, Portfolio)'s ValueAct Holdings sold shares of the following stocks during the first quarter of 2020.

FedEx

The firm exited its FedEx Corp. (FDX) position. The trade had an impact of -0.90% on the portfolio.

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The express package provider has a market cap of $30.47 billion and an enterprise value of $60.15 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of -1.88% and return on assets of -0.55% are underperforming 80% of companies in the transportation industry. Its

73 Views    Tiziano Frateschi    2020-05-19 16:47
Firm's largest sales of the 1st quarter

Richard Pzena (Trades, Portfolio)’s Pzena Investment Management sold shares of the following stocks during the first quarter of 2020.

KKR & Co.

The firm trimmed the KKR & Co. Inc. (KKR) position by 34.19%. The portfolio was impacted by -0.39%.

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The leading investment firm has a market cap of $20.68 billion and an enterprise value of $64.84 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 20.21% and return on assets of 3.6% are outperforming 56% of companies in

84 Views    Tiziano Frateschi    2020-05-04 13:44
Guru stock highlight

Alternative asset manager, KKR & Co. Inc. (KKR) also aided relative returns. KKR possess the size and organizational structure to benefit not only from the continued high level of institutional interest in alternative assets, but also from attractive corporate valuations in certain industries and geographies in the midst of historically low interest rates. KKR retains an extensive track record of strong performance across all types of economic and financial conditions and, in our view, should continue generating alpha for its clients post the COVID-19 crisis. Additionally, the company has a record of uncalled commitments and stands ready to

49 Views    Sydnee Gatewood    2020-04-14 20:29
Discussion of markets and holdings

Markets worldwide began 2020 on a high note, underscored by broad optimism around an improving global economic outlook and a phase 1 trade deal between the U.S. and China. However, in a swift and sudden reversal, the coronavirus pandemic unleashed massive economic shocks as governments across the globe enacted strict containment policies, which shuttered businesses, halted commerce and imposed “social-distancing” measures confining regional populations to their homes. Uncertainty over the duration of the virus threat and magnitude of its impact prompted policymakers and central banks in the world’s largest economies to deliver fiscal stimulus and monetary relief packages in hopes

88 Views    Sydnee Gatewood    2020-04-14 20:06
Fueled by a decade of low interest rates and massive allocations, the PE industry may have gotten too big to fail

Private equity has surged in popularity over the past decade thanks to ever-larger allocations from wealthy individuals, families, pension funds, endowments and institutions. The outbreak of the novel coronavirus epidemic (Covid-19) has thrown many private equity firms into turmoil. Thousands of private equity portfolio companies, representing trillions of dollars in investment value, have been idled along with most of the rest of the economy. Like many other small and medium-sized businesses, many of these portfolio companies are hoping for government relief. The PE industry is lobbying hard for a bailout. Given the sheer size to which it has grown,

129 Views    John Engle    2020-04-13 20:52
Their Graham blended multipliers are below 22.5

You can increase the effectiveness of your search for value opportunities if you choose fairly priced or undervalued stocks.

This is what Benjamin Graham, the father of value investing, recommended as a shortcut: multiply the stock’s price-earnings ratio by its price-book ratio to build what is known as the "Graham blended multiplier," then choose those stocks whose blended multiplier is less than 22.5.

Thus, the following three stocks may grant value opportunities as their Graham blended multiplier stands below 22.5.

KKR & Co Inc

The first stock that meets the above-listed criteria is KKR & Co Inc (KKR).

Shares of

286 Views    Alberto Abaterusso    2020-04-12 21:34
Tightening credit markets is a blessing for this industry

For over a month, U.S. equity market performance has been driven by Covid-19 fears. The global spread of the virus has pushed the American economy to a standstill, which is by no means good news for investors. However, the significant decline in stock prices and the increasingly tightening credit market for small and medium-sized businesses might benefit private equity firms that specialize in providing financing solutions to these markets. The underlying conditions are favorable for the growth of this industry, and investors have an opportunity to benefit by investing in the shares of publicly-listed private equity firms.

How does a

329 Views    Dilantha De Silva    2020-03-31 19:46
Investor's largest buys of the 4th quarter

Jeff Ubben (Trades, Portfolio)’s ValueAct Holdings, L.P. sold shares of the following stocks during the fourth quarter of 2019.

Alliance Data Systems

The guru trimmed the Alliance Data Systems Corp. (ADS) position by 91.1%. The portfolio was impacted by -4.67%.

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The provider of loyalty programs has a market cap of $4.75 billion and an enterprise value of $11.33 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. While the return on equity of 15.42% is outperforming the sector, return on assets of 1.08% is

165 Views    Tiziano Frateschi    2020-02-21 17:54
Congress is taking notice, sparking an industry-wide debate over transparency and reform

Operating adjacent to the shadows has allowed the private equity industry to grow with only limited political and public scrutiny for many years. That era of salutary neglect now appears to be coming to an end. As public and political scrutiny intensifies, private equity players will have to learn to adapt – or perish.

Warren on the case

Private equity has been thrown into the spotlight of late thanks in large part to the efforts of Senator Elizabeth Warren of Massachusetts. The Democratic senator and presidential hopeful has put private equity firmly in her sights, citing

122 Views    John Engle    2019-12-16 21:14
While still a popular alternative asset class, private equity has lost some of its luster for a number of allocators

Private Equity International’s (PEI) annual survey of limited partner (LP) sentiment, published Dec. 6, has highlighted a number of factors influencing allocators’ attitudes toward private equity as an asset class heading into 2020.

As I discussed previously in “Private Equity 2020: Allocators Show Mixed Outlook,” chief among these factors are fee-related conflict, late-cycle style drift and increasing recession risk, which have all served to curb allocators’ enthusiasm for private equity to one degree or another.

But that is not the entire story. Indeed, there are other looming issues causing

84 Views    John Engle    2019-12-14 19:16
High fees, style drift and recession fears contribute to weakening investor confidence

Over the course of the post-Great Recession economic expansion, private equity has enjoyed an explosion in both popularity and importance as an asset class. However, as the expansion has slowed and even become shaky at times, limited partners have shown increasing levels of concerns over their private equity investments and the ability of their general partners to deliver their promised returns.

On Dec. 6, Private Equity International (PEI), a leading industry group and publisher, published a list of the key takeaways from its latest survey of LP sentiment. According to PEI, while the

131 Views    John Engle    2019-12-10 15:50
Firm's largest sales of the 3rd quarter.

The investment firm, Private Capital (Trades, Portfolio) Management sold shares of the following stocks during the third quarter.

Allergan

The firm closed its Allergan PLC (AGN) position. The portfolio was impacted by -5.08%.

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The pharmaceutical manufacturer has a market cap of $60.33 billion and an enterprise value of $78.88 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of –14.67% and return on assets of -9.32% are underperforming 61% of companies in the Drug Manufacturers industry. Its financial strength is

66 Views    Tiziano Frateschi    2019-11-29 17:36
Firm's largest buys of the last 2 quarters

Independent investment management firm Diamond Hill Capital (Trades, Portfolio) bought shares of the following stocks in both the second and third quarters.

Baidu Inc. (BIDU)

The firm increased its position by 52.32% in the second quarter and then raised it by 31.86% in the third quarter. The stock has a weight of 0.01% in the portfolio.

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The Chinese search engine has a market cap of $38.30 billion. Its revenue of $15.47 billion has grown at an average rate of 20.90% per annum over the last five years.

122 Views    Tiziano Frateschi    2019-11-06 20:38
Guru stock highlight

Alternative asset manager, KKR & Co., Inc. (KKR) traded +6.78% higher as the company’s financial results continue to highlight strong underlying fundamentals. KKR has also simplified its public reporting with a focus on distributable earnings as its primary metric. In our view, simplified reporting along with the company’s conversion to a corporation from a partnership has broadened investor appeal, while attracting more longterm oriented shareholders.

From [url=https://www.gurufocus.com/StockBuy.php?GuruName=John+Rogers]John Rogers[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=John+Rogers]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=John+Rogers]Portfolio[/url])' Ariel Fund third-quarter commentary.

58 Views    Sydnee Gatewood    2019-10-21 21:01
Discussion of markets and holdings

Investing in small- and mid-cap stocks is riskier and more volatile than investing in large-cap stocks. The intrinsic value of the stocks in which the Fund invests may never be recognized by the broader market. Ariel Fund is often concentrated in fewer sectors than its benchmarks, and its performance may suffer if these sectors underperform the overall stock market.

Performance data quoted represents past performance. Past performance does not guarantee future results. All performance assumes the reinvestment of dividends and capital gains, and represents returns of the Investor Class shares. The investment return and principal value of an investment

49 Views    Sydnee Gatewood    2019-10-21 21:01
Famous value investor and founder of Ariel Investments discusses investing with the co-founder of Carlyle Group

John Rogers (Trades, Portfolio) founded Ariel Investments when he was 24 with $200,000. They manage $13.5 billion now, back up from $3 billion in the crisis. On Aug. 21, Bloomberg published an interview with this esteemed value investor.

Over the last 10 years, Ariel bought terrific bargains at irregular intervals. Rogers said he believes media is still cheap. Names he likes are Viacom (VIAB) and Madison Square Garden (MSG). Rogers also likes financial services companies like Lazard (LAZ) or KKR (KKR), and views these as very cheap.

Returns

Over 36 years Ariel compounded at 11% per year.

362 Views    Bram de Haas    2019-08-23 14:32
Guru stock highlight

After a comeuppance in May purportedly associated with the breakdown in U.S./Chinese trade negotiations, global equity markets regained their footing and continued their seemingly inexorable advance, reaching record highs shortly after quarter end. In this rather volatile and yet robust environment, the Tweedy, Browne Funds once again made substantial financial progress, with three out of four Funds besting their respective benchmark indices for the quarter. All four Funds produced double digit returns year-to-date through June 30 of between 11.49% and 13.09%.

Returns for the quarter were in large part a product of strong results in a number of the Funds’

66 Views    Holly LaFon    2019-07-29 20:26

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