KKR & Co. Inc. (NYSE:KKR) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in KKR & Co. Inc. (NYSE:KKR) by 31.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 92,741 shares of the asset manager’s stock after buying an additional 22,007 shares during the quarter. Sanctuary Advisors LLC’s holdings in KKR & Co. Inc. were worth $12,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. lifted its position in KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the period. Eastern Bank bought a new position in KKR & Co. Inc. during the 3rd quarter valued at $34,000. American National Bank increased its position in shares of KKR & Co. Inc. by 202.6% during the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 235 shares during the period. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at $38,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $154.34 on Friday. The company has a market capitalization of $137.09 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 1-year low of $78.95 and a 1-year high of $163.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $147.22 and its 200-day simple moving average is $126.49.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the previous year, the business posted $0.73 EPS. On average, sell-side analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.45%. KKR & Co. Inc.’s payout ratio is 21.28%.

Analysts Set New Price Targets

KKR has been the subject of several research analyst reports. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Barclays upped their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $158.21.

About KKR & Co. Inc.

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.