Sanctuary Advisors LLC Makes New $5.31 Million Investment in KKR & Co. Inc. $KKR

Sanctuary Advisors LLC bought a new position in KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 57,841 shares of the asset manager’s stock, valued at approximately $5,309,000.

A number of other large investors have also made changes to their positions in KKR. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $27,000. SouthState Bank Corp grew its holdings in shares of KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth $29,000. Finally, MV Capital Management Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth $31,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.1%

Shares of KKR opened at $107.29 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The company has a 50-day simple moving average of $100.27 and a 200-day simple moving average of $97.53. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10. The firm has a market capitalization of $96.31 billion, a P/E ratio of 34.17, a P/E/G ratio of 0.92 and a beta of 1.78.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same period in the prior year, the company posted $1.18 earnings per share. On average, equities research analysts expect that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio is currently 24.84%.

KKR & Co. Inc. announced that its Board of Directors has approved a stock repurchase 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 buy up to 0.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

KKR has been the subject of several research reports. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Oppenheimer dropped their price objective on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Barclays raised their price objective on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. BMO Capital Markets lifted their target price on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.75.

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.