Sanctuary Advisors LLC Reduces Stock Holdings in KKR & Co. Inc. $KKR

Sanctuary Advisors LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 9.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 62,524 shares of the asset manager’s stock after selling 6,201 shares during the period. Sanctuary Advisors LLC’s holdings in KKR & Co. Inc. were worth $5,783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. SouthState Bank Corp lifted its position in shares of 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 purchasing an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $29,000. Finally, MV Capital Management Inc. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $100.94 on Friday. The stock has a market capitalization of $90.63 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 0.84 and a beta of 1.79. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $153.87. The company’s 50-day simple moving average is $95.46 and its 200-day simple moving average is $101.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08.

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

KKR & Co. Inc. announced that its Board of Directors has authorized a share buyback program on Tuesday, May 5th that allows the company to buyback $500.00 million in outstanding 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 usually a sign that the company’s board believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

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

Insider Activity

In related news, EVP Yael Cosset sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the sale, the executive vice president directly owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. This represents a 19.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada lowered their target price on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. TD Cowen dropped their target price on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Oppenheimer reduced their price target on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.50.

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.