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

Sanctuary Advisors LLC lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 31.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,741 shares of the asset manager’s stock after purchasing an additional 22,007 shares during the period. Sanctuary Advisors LLC’s holdings in KKR & Co. Inc. were worth $12,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pine Valley Investments Ltd Liability Co acquired a new position in KKR & Co. Inc. in the 3rd quarter worth $233,000. TCW Group Inc. increased its position in shares of KKR & Co. Inc. by 122.1% during the third quarter. TCW Group Inc. now owns 251,928 shares of the asset manager’s stock worth $32,897,000 after acquiring an additional 138,474 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of KKR & Co. Inc. by 5.4% in the third quarter. TD Private Client Wealth LLC now owns 38,287 shares of the asset manager’s stock worth $5,000,000 after acquiring an additional 1,978 shares in the last quarter. Virtue Capital Management LLC boosted its holdings in KKR & Co. Inc. by 2.8% in the third quarter. Virtue Capital Management LLC now owns 12,350 shares of the asset manager’s stock valued at $1,613,000 after purchasing an additional 337 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in KKR & Co. Inc. by 3.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,545 shares of the asset manager’s stock valued at $463,000 after purchasing an additional 105 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $154.34 on Friday. KKR & Co. Inc. has a 12 month low of $78.95 and a 12 month high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a fifty day moving average price of $147.22 and a 200 day moving average price of $126.49. The company has a market cap of $137.09 billion, a P/E ratio of 46.91, a PEG ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the prior year, the firm earned $0.73 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. Morgan Stanley increased their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. HSBC started coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Citigroup upped their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One investment 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.21.

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.