Sapient Capital LLC Sells 13,876 Shares of KKR & Co. Inc. $KKR

Sapient Capital LLC reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 348,328 shares of the asset manager’s stock after selling 13,876 shares during the quarter. KKR & Co. Inc. makes up 0.7% of Sapient Capital LLC’s holdings, making the stock its 24th largest holding. Sapient Capital LLC’s holdings in KKR & Co. Inc. were worth $46,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. Southeast Asset Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 0.3% during the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after purchasing an additional 68 shares during the period. Bruce G. Allen Investments LLC grew its position in KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock worth $78,000 after buying an additional 72 shares in the last quarter. Moors & Cabot Inc. increased its stake in KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after acquiring an additional 75 shares during the period. Berbice Capital Management LLC increased its position in shares of KKR & Co. Inc. by 3.5% during the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after purchasing an additional 75 shares during the period. Finally, Foundations Investment Advisors LLC raised its stake in shares of KKR & Co. Inc. by 3.7% in the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock valued at $317,000 after purchasing an additional 84 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 0.4%

Shares of KKR & Co. Inc. stock opened at $130.31 on Friday. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market capitalization of $116.16 billion, a P/E ratio of 55.22, a price-to-earnings-growth ratio of 1.41 and a beta of 2.00. The company has a 50-day simple moving average of $124.44 and a 200 day simple moving average of $132.53. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same period in the previous year, the business earned $1.38 earnings per share. Research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target on the stock. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Barclays increased their price target on shares of KKR & Co. Inc. from $154.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of KKR & Co. Inc. in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $158.79.

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.