Sterling Investment Advisors Ltd. Buys 5,494 Shares of KKR & Co. Inc. $KKR

Sterling Investment Advisors Ltd. increased its stake in KKR & Co. Inc. (NYSE:KKR) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 67,986 shares of the asset manager’s stock after purchasing an additional 5,494 shares during the quarter. KKR & Co. Inc. makes up 1.0% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its 25th largest holding. Sterling Investment Advisors Ltd.’s holdings in KKR & Co. Inc. were worth $6,240,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $218,000. Sivia Capital Partners LLC grew its position in shares of KKR & Co. Inc. by 13.1% in the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 237 shares during the last quarter. United Bank acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $769,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of KKR & Co. Inc. in the second quarter worth about $4,826,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 23.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KKR shares. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Morgan Stanley cut their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Finally, BMO Capital Markets increased their price objective on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.00.

KKR & Co. Inc. Stock Down 1.9%

NYSE KKR opened at $105.69 on Wednesday. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10. The stock has a market cap of $94.88 billion, a PE ratio of 33.66, a PEG ratio of 1.01 and a beta of 1.79. The firm has a 50-day simple moving average of $103.33 and a 200 day simple moving average of $97.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company posted $1.18 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.66 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio is presently 24.84%.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR’s investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.