Sierra Capital LLC Sells 2,009 Shares of KKR & Co. Inc. (NYSE:KKR)

Sierra Capital LLC lowered its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,490 shares of the asset manager's stock after selling 2,009 shares during the period. Sierra Capital LLC's holdings in KKR & Co. Inc. were worth $2,600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $36,000. Finally, HM Payson & Co. boosted its position in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KKR shares. Keefe, Bruyette & Woods upped their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Barclays increased their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Bank of America cut their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $149.47.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $135.62 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $120.79 billion, a price-to-earnings ratio of 57.22, a PEG ratio of 1.54 and a beta of 1.88. The stock has a 50 day moving average of $123.53 and a 200 day moving average of $128.58. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company earned $0.97 earnings per share. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider owned 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the sale, the chairman owned 73,006,022 shares in the company, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 in the last ninety days. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Company Profile

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.

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