Sequoia Financial Advisors LLC Grows Holdings in KKR & Co. Inc. (NYSE:KKR)

Sequoia Financial Advisors LLC grew its stake in KKR & Co. Inc. (NYSE:KKR) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,259 shares of the asset manager’s stock after buying an additional 547 shares during the period. Sequoia Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $601,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KKR. MetLife Investment Management LLC purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at $650,000. Dimensional Fund Advisors LP boosted its stake in shares of KKR & Co. Inc. by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,357,303 shares of the asset manager’s stock valued at $79,368,000 after purchasing an additional 7,332 shares in the last quarter. Prudential PLC purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at $699,000. Cetera Investment Advisers boosted its stake in shares of KKR & Co. Inc. by 11.9% in the 1st quarter. Cetera Investment Advisers now owns 16,890 shares of the asset manager’s stock valued at $988,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Moors & Cabot Inc. raised its holdings in KKR & Co. Inc. by 25.6% during the 1st quarter. Moors & Cabot Inc. now owns 12,666 shares of the asset manager’s stock valued at $741,000 after buying an additional 2,582 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.5 %

Shares of KKR & Co. Inc. stock opened at $96.28 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The company has a 50-day moving average of $97.76 and a 200 day moving average of $81.51. The firm has a market cap of $85.21 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 0.87 and a beta of 1.61. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.28 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 16.18%.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Barclays upped their price target on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, April 8th. TD Cowen upped their price target on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Morgan Stanley upped their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.64.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

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.