Sequoia Financial Advisors LLC Grows Position in KKR & Co. Inc. (NYSE:KKR)

Sequoia Financial Advisors LLC raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,259 shares of the asset manager’s stock after buying an additional 547 shares during the period. Sequoia Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $601,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. E&G Advisors LP lifted its position in shares of KKR & Co. Inc. by 1.5% during the fourth quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock valued at $723,000 after buying an additional 126 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of KKR & Co. Inc. by 0.3% during the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after buying an additional 133 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of KKR & Co. Inc. by 1.2% during the third quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after buying an additional 168 shares during the last quarter. Cigna Investments Inc. New lifted its position in shares of KKR & Co. Inc. by 2.8% during the fourth quarter. Cigna Investments Inc. New now owns 7,006 shares of the asset manager’s stock valued at $580,000 after buying an additional 192 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in shares of KKR & Co. Inc. by 0.7% during the third quarter. Aaron Wealth Advisors LLC now owns 26,861 shares of the asset manager’s stock valued at $1,655,000 after buying an additional 198 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the purchase, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the transaction, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of several analyst reports. TD Cowen increased their price target on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Barclays increased their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Morgan Stanley increased their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.64.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $96.28 on Wednesday. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48. The company’s 50 day moving average is $97.76 and its 200 day moving average is $81.51. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The company has a market cap of $85.21 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.28 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.69%. KKR & Co. Inc.’s payout ratio is 16.18%.

KKR & Co. Inc. Company 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.