Soltis Investment Advisors LLC Sells 57,316 Shares of KKR & Co. Inc. (NYSE:KKR)

Soltis Investment Advisors LLC decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 97.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,613 shares of the asset manager’s stock after selling 57,316 shares during the period. Soltis Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in shares of KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares during the period. Wellington Management Group LLP lifted its stake in KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock worth $3,059,859,000 after purchasing an additional 60,147 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after purchasing an additional 124,257 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after buying an additional 355,837 shares during the period. Finally, FMR LLC grew its stake in shares of KKR & Co. Inc. by 1.5% during the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after buying an additional 165,631 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.0 %

Shares of NYSE KKR opened at $155.75 on Friday. KKR & Co. Inc. has a 12-month low of $77.02 and a 12-month high of $163.68. The stock’s fifty day simple moving average is $147.22 and its two-hundred day simple moving average is $126.49. The stock has a market capitalization of $138.34 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $0.73 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research analyst reports. HSBC started coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target for the company. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group raised their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley lifted their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, TD Cowen upped their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.