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

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new position in KKR & Co. Inc. during the fourth quarter worth $1,715,929,000. Viking Global Investors LP purchased a new stake in KKR & Co. Inc. in the 3rd quarter valued at $352,038,000. Farallon Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $257,216,000. Price T Rowe Associates Inc. MD increased its stake in shares of KKR & Co. Inc. by 41.7% in 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 during the last quarter. Finally, Temasek Holdings Private Ltd raised its holdings 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 worth $169,873,000 after acquiring an additional 1,032,705 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the completion of the sale, the executive vice president directly owned 127,868 shares in the company, valued at $7,518,638.40. This trade represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.20% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $100.91 on Thursday. The firm has a market cap of $90.60 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The business’s fifty day simple moving average is $95.45 and its 200-day simple moving average is $101.74.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The firm 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%. Equities analysts forecast that KKR & Co. Inc. will post 5.54 earnings per share for the current year.

KKR & Co. Inc. announced that its board has authorized a stock buyback plan on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s payout ratio is 26.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KKR shares. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. BMO Capital Markets cut their price objective on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a research report on Monday. The Goldman Sachs Group reduced their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Piper Sandler decreased their target price on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Finally, Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. One research 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. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $130.58.

KKR & Co. Inc. 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.