Sanctuary Advisors LLC Acquires 5,578 Shares of KKR & Co. Inc. (NYSE:KKR)

Sanctuary Advisors LLC grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 6.0% in the 4th quarter, Holdings Channel reports. The fund owned 98,319 shares of the asset manager’s stock after purchasing an additional 5,578 shares during the quarter. Sanctuary Advisors LLC’s holdings in KKR & Co. Inc. were worth $14,542,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Farmers & Merchants Investments Inc. increased its holdings in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after acquiring an additional 65 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after acquiring an additional 70 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after acquiring an additional 73 shares in the last quarter. Calamos Wealth Management LLC increased its holdings in shares of KKR & Co. Inc. by 2.0% in the fourth quarter. Calamos Wealth Management LLC now owns 3,918 shares of the asset manager’s stock worth $580,000 after acquiring an additional 78 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of KKR & Co. Inc. by 7.9% in the fourth quarter. Mather Group LLC. now owns 1,064 shares of the asset manager’s stock worth $157,000 after acquiring an additional 78 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on KKR. Citigroup increased their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Barclays decreased their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company decreased their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Performance

KKR opened at $140.81 on Wednesday. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The stock has a market cap of $125.07 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 1.05 and a beta of 1.67. The business has a 50 day moving average of $152.01 and a 200-day moving average of $140.70. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. KKR & Co. Inc.’s payout ratio is 21.02%.

About KKR & Co. Inc.

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.