Sanctuary Advisors LLC Boosts Holdings in KKR & Co. Inc. (NYSE:KKR)

Sanctuary Advisors LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 31.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,741 shares of the asset manager's stock after purchasing an additional 22,007 shares during the quarter. Sanctuary Advisors LLC's holdings in KKR & Co. Inc. were worth $12,110,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Dudley Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager's stock valued at $404,000 after buying an additional 80 shares during the last quarter. FWG Holdings LLC raised its stake in KKR & Co. Inc. by 1.6% during the 3rd quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager's stock valued at $717,000 after acquiring an additional 80 shares during the last quarter. Sigma Planning Corp grew its stake in shares of KKR & Co. Inc. by 1.3% in the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager's stock valued at $847,000 after purchasing an additional 81 shares during the last quarter. Connable Office Inc. increased its holdings in shares of KKR & Co. Inc. by 0.4% in the third quarter. Connable Office Inc. now owns 19,311 shares of the asset manager's stock valued at $2,522,000 after purchasing an additional 82 shares during the period. Finally, OLD National Bancorp IN raised its stake in shares of KKR & Co. Inc. by 1.3% during the third quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager's stock worth $846,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of analyst reports. StockNews.com upgraded shares of KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. Morgan Stanley lifted their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. Barclays increased their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Oppenheimer lifted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.21.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $1.41 during trading hours on Friday, reaching $154.34. 2,612,607 shares of the company traded hands, compared to its average volume of 4,216,775. The stock has a market capitalization of $137.09 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The stock has a fifty day simple moving average of $147.64 and a 200 day simple moving average of $126.82. KKR & Co. Inc. has a fifty-two week low of $78.95 and a fifty-two week high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the firm earned $0.73 EPS. As a group, research analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

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.