70,734 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 70,734 shares of the asset manager’s stock, valued at approximately $7,444,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. lifted its position in KKR & Co. Inc. by 13.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after buying an additional 89 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in KKR & Co. Inc. by 2.1% during the second quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock worth $490,000 after buying an additional 94 shares in the last quarter. Premier Path Wealth Partners LLC lifted its position in KKR & Co. Inc. by 2.4% during the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after buying an additional 99 shares in the last quarter. Whittier Trust Co. lifted its position in KKR & Co. Inc. by 4.5% during the first quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after buying an additional 103 shares in the last quarter. Finally, First Bank & Trust lifted its position in KKR & Co. Inc. by 1.6% during the second quarter. First Bank & Trust now owns 6,536 shares of the asset manager’s stock worth $688,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the topic of a number of research analyst reports. Evercore ISI lifted their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Oppenheimer lifted their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Citigroup lifted their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, HSBC initiated coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $132.64.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Up 1.8 %

Shares of NYSE KKR opened at $133.28 on Friday. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $134.85. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $121.95 and a 200-day simple moving average of $110.14. The stock has a market capitalization of $118.27 billion, a PE ratio of 29.88, a PEG ratio of 1.11 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $0.58 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 3.99 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a dividend of $0.175 per share. The ex-dividend date was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.53%. KKR & Co. Inc.’s payout ratio is 15.70%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.