Sapient Capital LLC Sells 146,023 Shares of KKR & Co. Inc. $KKR

Sapient Capital LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 94.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,064 shares of the asset manager’s stock after selling 146,023 shares during the period. Sapient Capital LLC’s holdings in KKR & Co. Inc. were worth $832,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. during the fourth quarter worth $27,000. Elyxium Wealth LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $27,000. SouthState Bank Corp increased its holdings in shares of KKR & Co. Inc. by 185.0% in the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 148 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth $29,000. Finally, MV Capital Management Inc. bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth $31,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR opened at $103.65 on Tuesday. The company has a market cap of $93.04 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 0.88 and a beta of 1.78. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average price is $97.21 and its 200-day moving average price is $98.00. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same period last year, the business earned $1.18 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.

KKR & Co. Inc. announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 24.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KKR shares. UBS Group raised their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. HSBC raised their price target on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a report on Monday, July 20th. Argus boosted their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.75.

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.