KKR & Co. Inc. (NYSE:KKR) Shares Sold by Sterling Investment Advisors Ltd.

Key Points

• Sterling Investment Advisors Ltd. has reduced its holdings in KKR & Co. Inc. by 5.7%, retaining 55,612 shares valued at approximately $6.43 million.
• Recent analyst reports have created mixed sentiments, with Bank of America lowering its price target from $214 to $194, while Barclays increased it from $141 to $155.
• Insider trading activity includes a significant sale by Chairman George R. Roberts of over 1.19 million shares, valued at approximately $142.57 million.

Sterling Investment Advisors Ltd. reduced its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,612 shares of the asset manager's stock after selling 3,331 shares during the quarter. KKR & Co. Inc. accounts for approximately 1.6% of Sterling Investment Advisors Ltd.'s investment portfolio, making the stock its 17th biggest holding. Sterling Investment Advisors Ltd.'s holdings in KKR & Co. Inc. were worth $6,429,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after purchasing an additional 2,437 shares in the last quarter. Congress Wealth Management LLC DE acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $360,000. Modern Wealth Management LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $257,000. Loomis Sayles & Co. L P acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $67,000. Finally, Blair William & Co. IL grew its holdings in shares of KKR & Co. Inc. by 8.9% during the fourth quarter. Blair William & Co. IL now owns 28,132 shares of the asset manager's stock worth $4,161,000 after buying an additional 2,309 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KKR. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Bank of America decreased their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Barclays increased their price objective on KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $154.33.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the sale, the insider directly owned 13,260,971 shares of the company's stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,471,488 shares of company stock worth $501,529,092. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Up 1.4%

KKR stock opened at $152.23 on Friday. The company's 50 day moving average price is $130.34 and its 200 day moving average price is $128.15. The firm has a market capitalization of $135.58 billion, a price-to-earnings ratio of 64.23, a PEG ratio of 1.69 and a beta of 1.88. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. KKR & Co. Inc.'s revenue for the quarter was down 67.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. On average, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.185 dividend. The ex-dividend date was Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s payout ratio is 31.22%.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.

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