Sterling Investment Advisors Ltd. Boosts Stake in KKR & Co. Inc. $KKR

Key Points

• Sterling Investment Advisors Ltd. increased its stake in KKR & Co. Inc. by 4.4%, now holding 58,083 shares valued at approximately $7.73 million, making KKR its 14th largest holding.
• Recently, KKR & Co. Inc. declared a quarterly dividend of $0.185, up from $0.18, representing a 0.6% yield and a 34.42% payout ratio.
• KKR's stock has a market cap of $119.68 billion, and analysts have an average target price of $158.07, with a majority rating the stock as a "Moderate Buy."

Sterling Investment Advisors Ltd. raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,083 shares of the asset manager's stock after purchasing an additional 2,471 shares during the quarter. KKR & Co. Inc. accounts for approximately 1.7% of Sterling Investment Advisors Ltd.'s holdings, making the stock its 14th biggest holding. Sterling Investment Advisors Ltd.'s holdings in KKR & Co. Inc. were worth $7,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in KKR & Co. Inc. in the 1st quarter worth about $28,000. Mountain Hill Investment Partners Corp. purchased a new stake in KKR & Co. Inc. in the 1st quarter worth about $38,000. GW&K Investment Management LLC raised its position in KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after purchasing an additional 111 shares during the period. SouthState Corp purchased a new stake in KKR & Co. Inc. in the 1st quarter worth about $44,000. Finally, Meeder Asset Management Inc. raised its position in KKR & Co. Inc. by 112.9% in the 1st quarter. Meeder Asset Management Inc. now owns 396 shares of the asset manager's stock worth $46,000 after purchasing an additional 210 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $134.33 on Tuesday. The firm has a market cap of $119.68 billion, a price-to-earnings ratio of 62.48, a PEG ratio of 1.47 and a beta of 1.93. The company's 50 day moving average is $142.69 and its 200 day moving average is $128.18. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period last year, the company posted $1.09 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a $0.185 dividend. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 target price on the stock. Barclays raised their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research report on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $158.07.

KKR & Co. Inc. Company 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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