Coastal Bridge Advisors LLC Has $6.42 Million Stock Holdings in KKR & Co. Inc. $KKR

Coastal Bridge Advisors LLC trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 8.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,389 shares of the asset manager’s stock after selling 4,812 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in KKR & Co. Inc. were worth $6,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Clearstead Trust LLC acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at $28,000. Richardson Financial Services Inc. boosted its holdings in KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 215 shares during the period. Pineridge Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $31,000. Salomon & Ludwin LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at about $36,000. Finally, Quent Capital LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth about $47,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Performance

KKR opened at $116.72 on Thursday. The stock’s 50 day simple moving average is $128.26 and its 200-day simple moving average is $132.11. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $104.04 billion, a PE ratio of 49.46, a P/E/G ratio of 1.00 and a beta of 1.99. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the previous year, the company earned $1.38 earnings per share. Sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings lowered KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 21st. UBS Group lowered their price objective on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Citigroup dropped their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $156.57.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.