Jefferies Financial Group Inc. Sells 26,742 Shares of KKR & Co. Inc. (NYSE:KKR)

Jefferies Financial Group Inc. cut its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 86.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,187 shares of the asset manager's stock after selling 26,742 shares during the quarter. Jefferies Financial Group Inc.'s holdings in KKR & Co. Inc. were worth $484,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KKR. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. in the fourth quarter worth $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $31,000. Ameriflex Group Inc. purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $46,000. Mountain Hill Investment Partners Corp. bought a new position in KKR & Co. Inc. during the first quarter valued at about $38,000. Finally, GW&K Investment Management LLC increased its holdings in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after buying an additional 111 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the sale, the insider owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,281,394 shares of company stock valued at $618,358,033. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $0.63 during trading on Friday, hitting $142.82. The stock had a trading volume of 2,163,488 shares, compared to its average volume of 3,545,484. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The firm has a market cap of $127.20 billion, a price-to-earnings ratio of 66.43, a P/E/G ratio of 1.54 and a beta of 1.87. The business's 50-day moving average is $135.44 and its 200 day moving average is $127.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $1.09 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be given a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s payout ratio is presently 34.42%.

Analyst Ratings Changes

KKR has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Barclays increased their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods lifted their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a research note on Wednesday, July 9th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average target price of $157.73.

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.