Sequoia Financial Advisors LLC Has $1.91 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Sequoia Financial Advisors LLC increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 7.4% during the third quarter, Holdings Channel reports. The fund owned 14,604 shares of the asset manager’s stock after purchasing an additional 1,007 shares during the period. Sequoia Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,907,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Roof Eidam Maycock Peralta LLC bought a new position in KKR & Co. Inc. in the 3rd quarter valued at $322,000. Raleigh Capital Management Inc. grew its holdings in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of KKR & Co. Inc. by 2,586.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 49,830 shares of the asset manager’s stock valued at $6,507,000 after buying an additional 47,975 shares during the period. Whittier Trust Co. grew its stake in KKR & Co. Inc. by 3,978.8% in the third quarter. Whittier Trust Co. now owns 115,592 shares of the asset manager’s stock valued at $15,094,000 after acquiring an additional 112,758 shares during the period. Finally, Toth Financial Advisory Corp grew its position in shares of KKR & Co. Inc. by 89.1% in the 3rd quarter. Toth Financial Advisory Corp now owns 5,200 shares of the asset manager’s stock valued at $679,000 after purchasing an additional 2,450 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 3.4 %

Shares of NYSE KKR opened at $143.22 on Friday. The company has a market cap of $127.09 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.14 and a beta of 1.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $128.07 and a two-hundred day moving average price of $113.73. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $147.15.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.49%. KKR & Co. Inc.’s payout ratio is 15.70%.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. Finally, Morgan Stanley lifted their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.43.

KKR & Co. Inc. 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.