Sterling Investment Advisors Ltd. Has $6.24 Million Position in KKR & Co. Inc. $KKR

Sterling Investment Advisors Ltd. boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 8.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 67,986 shares of the asset manager’s stock after buying an additional 5,494 shares during the period. KKR & Co. Inc. accounts for about 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 SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in shares of KKR & Co. Inc. by 1.3% in the second quarter. Arizona State Retirement System now owns 173,171 shares of the asset manager’s stock valued at $15,894,000 after acquiring an additional 2,203 shares during the last quarter. Nykredit A S bought a new position in KKR & Co. Inc. in the 2nd quarter valued at $13,766,000. Range Advisory LLC boosted its stake in KKR & Co. Inc. by 7.6% in the second quarter. Range Advisory LLC now owns 2,886 shares of the asset manager’s stock worth $265,000 after purchasing an additional 204 shares in the last quarter. HighTower Advisors LLC boosted its stake in KKR & Co. Inc. by 1.0% in the second quarter. HighTower Advisors LLC now owns 148,755 shares of the asset manager’s stock worth $13,653,000 after purchasing an additional 1,524 shares in the last quarter. Finally, VELA Investment Management LLC grew its holdings in shares of KKR & Co. Inc. by 381.7% during the second quarter. VELA Investment Management LLC now owns 6,310 shares of the asset manager’s stock worth $579,000 after purchasing an additional 5,000 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 1.9%

KKR opened at $105.69 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $94.88 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth 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. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $1.18 earnings per share. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.66 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

Insider Activity

In other 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 transaction, the insider directly owned 8,513 shares in the company, valued at $924,341.54. This trade represents a 54.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research reports. HSBC upped their price target on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Oppenheimer increased their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $130.00.

About KKR & Co. Inc.

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.