Sigma Planning Corp Sells 2,158 Shares of KKR & Co. Inc. (NYSE:KKR)

Sigma Planning Corp decreased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,440 shares of the asset manager's stock after selling 2,158 shares during the period. Sigma Planning Corp's holdings in KKR & Co. Inc. were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $26,000. Mascagni Wealth Management Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $31,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $34,000. Ameriflex Group Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $46,000. Finally, Global Financial Private Client LLC grew its holdings in KKR & Co. Inc. by 10,650.0% during the 1st quarter. Global Financial Private Client LLC now owns 430 shares of the asset manager's stock worth $50,000 after acquiring an additional 426 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $1.52 during trading on Friday, hitting $146.08. 3,123,293 shares of the stock were exchanged, compared to its average volume of 4,241,985. The stock has a market capitalization of $130.10 billion, a price-to-earnings ratio of 61.64, a price-to-earnings-growth ratio of 1.63 and a beta of 1.88. The company has a fifty day moving average price of $128.19 and a 200-day moving average price of $128.20. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. 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. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $0.97 EPS. KKR & Co. Inc.'s quarterly revenue was down 67.8% on a year-over-year basis. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Analysts Set New Price Targets

KKR has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Citigroup cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 14th. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.33.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the acquisition, the director directly owned 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 in the last 90 days. Corporate insiders own 39.34% of the company's stock.

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.