KKR & Co. Inc. $KKR Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its position in shares of KKR & Co. Inc. (NYSE:KKR) by 9.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,524 shares of the asset manager’s stock after selling 6,201 shares during the quarter. Sanctuary Advisors LLC’s holdings in KKR & Co. Inc. were worth $5,783,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Washington Trust Advisors Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. Elyxium Wealth LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $27,000. SouthState Bank Corp lifted 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 worth $29,000 after buying an additional 148 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $29,000. Finally, MV Capital Management Inc. acquired a new stake in KKR & Co. Inc. in the 4th quarter worth about $31,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, EVP Yael Cosset sold 30,000 shares of the stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total value of $1,764,000.00. Following the completion of the sale, the executive vice president owned 127,868 shares of the company’s stock, valued at $7,518,638.40. This represents a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KKR has been the subject of several recent analyst reports. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Oppenheimer lowered their target price on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a report on Friday. Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Barclays increased their price target on shares of KKR & Co. Inc. from $122.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.50.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $100.94 on Friday. The business has a 50-day moving average of $95.46 and a two-hundred day moving average of $101.54. The firm has a market capitalization of $90.63 billion, a PE ratio of 34.33, a P/E/G ratio of 0.84 and a beta of 1.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The business had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. As a group, research analysts forecast that KKR & Co. Inc. will post 5.58 earnings per share for the current year.

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

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

KKR & Co. Inc. Company Profile

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.