Soltis Investment Advisors LLC Decreases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Soltis Investment Advisors LLC reduced its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 97.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,613 shares of the asset manager's stock after selling 57,316 shares during the quarter. Soltis Investment Advisors LLC's holdings in KKR & Co. Inc. were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of KKR. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. during the third quarter valued at $31,000. Raleigh Capital Management Inc. lifted its stake in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock valued at $31,000 after buying an additional 85 shares in the last quarter. Eastern Bank acquired a new stake in KKR & Co. Inc. in the 3rd quarter worth about $34,000. American National Bank increased its stake in KKR & Co. Inc. by 202.6% during the 2nd quarter. American National Bank now owns 351 shares of the asset manager's stock worth $37,000 after buying an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of KKR & Co. Inc. during the second quarter valued at approximately $38,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 0.9 %

Shares of NYSE:KKR traded down $1.41 during mid-day trading on Friday, reaching $154.34. 2,610,157 shares of the company were exchanged, compared to its average volume of 4,216,775. KKR & Co. Inc. has a 1 year low of $78.95 and a 1 year high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm's 50-day simple moving average is $147.22 and its 200 day simple moving average is $126.49. The firm has a market cap of $137.09 billion, a price-to-earnings ratio of 47.00, a P/E/G ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period last year, the business posted $0.73 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analysts Forecast Growth

KKR has been the subject of several research reports. TD Cowen boosted their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. HSBC initiated coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price target on the stock. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a "buy" rating and a $153.00 price objective for the company. Finally, Barclays lifted their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $158.21.

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.