Sterling Investment Advisors Ltd. Reduces Position in KKR & Co. Inc. (NYSE:KKR)

Sterling Investment Advisors Ltd. reduced its position in KKR & Co. Inc. (NYSE:KKR) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,286 shares of the asset manager’s stock after selling 2,742 shares during the quarter. KKR & Co. Inc. accounts for approximately 1.9% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 13th biggest holding. Sterling Investment Advisors Ltd.’s holdings in KKR & Co. Inc. were worth $7,081,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KKR. Versant Capital Management Inc boosted its stake in shares of KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 218 shares during the period. Mather Group LLC. boosted its position in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after buying an additional 208 shares during the period. Riverview Trust Co bought a new position in KKR & Co. Inc. in the 1st quarter worth about $27,000. American National Bank increased its position in shares of KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after acquiring an additional 235 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of KKR & Co. Inc. by 65.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 452 shares of the asset manager’s stock worth $48,000 after acquiring an additional 179 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 0.7 %

NYSE KKR opened at $118.44 on Friday. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $128.79. The company has a 50 day moving average price of $115.05 and a 200 day moving average price of $105.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The firm has a market cap of $105.10 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.58 earnings per share. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Redburn Atlantic began coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Oppenheimer raised their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Citigroup raised their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.93.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Profile

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.