KKR & Co. Inc. $KKR Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 22.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,091 shares of the asset manager’s stock after selling 5,994 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,951,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in KKR & Co. Inc. during the fourth quarter worth $1,715,929,000. Viking Global Investors LP acquired a new position in shares of KKR & Co. Inc. in the third quarter worth about $352,038,000. Farallon Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $257,216,000. Price T Rowe Associates Inc. MD boosted its stake in shares of KKR & Co. Inc. by 41.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,401,951 shares of the asset manager’s stock worth $561,161,000 after acquiring an additional 1,295,099 shares in the last quarter. Finally, Temasek Holdings Private Ltd grew its position in shares of KKR & Co. Inc. by 344.4% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,332,549 shares of the asset manager’s stock valued at $169,873,000 after acquiring an additional 1,032,705 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KKR has been the subject of several recent analyst reports. BMO Capital Markets cut their price target on KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a research note on Monday. Piper Sandler dropped their price objective on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. UBS Group boosted their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reduced their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, Morgan Stanley decreased their target price on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.58.

Insider Buying and Selling

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the transaction, the executive vice president owned 127,868 shares in the company, valued at approximately $7,518,638.40. This trade represents a 19.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Trading Up 3.8%

Shares of KKR & Co. Inc. stock opened at $100.91 on Thursday. The firm has a market capitalization of $90.60 billion, a PE ratio of 34.32, a P/E/G ratio of 0.82 and a beta of 1.79. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The firm’s 50-day moving average price is $95.45 and its 200 day moving average price is $101.74. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The company had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.54 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.195 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.78 annualized dividend and a yield of 0.8%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio is currently 26.53%.

KKR & Co. Inc. declared that its board has authorized a stock buyback program on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.