Sigma Planning Corp Acquires 81 Shares of KKR & Co. Inc. (NYSE:KKR)

Sigma Planning Corp grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,489 shares of the asset manager’s stock after acquiring an additional 81 shares during the period. Sigma Planning Corp’s holdings in KKR & Co. Inc. were worth $847,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KKR. GQG Partners LLC bought a new position in KKR & Co. Inc. during the first quarter worth $217,004,000. Canada Pension Plan Investment Board raised its stake in KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after buying an additional 2,133,290 shares during the last quarter. Bank of New York Mellon Corp raised its stake in KKR & Co. Inc. by 64.7% during the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after buying an additional 1,585,447 shares during the last quarter. APG Asset Management N.V. bought a new position in KKR & Co. Inc. during the second quarter worth $154,468,000. Finally, Capital World Investors raised its stake in KKR & Co. Inc. by 7.4% during the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock worth $1,674,144,000 after buying an additional 1,139,784 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 0.7 %

KKR & Co. Inc. stock opened at $152.16 on Thursday. KKR & Co. Inc. has a fifty-two week low of $65.91 and a fifty-two week high of $156.54. The stock has a market cap of $135.15 billion, a PE ratio of 46.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.61. The firm’s 50-day simple moving average is $134.15 and its 200 day simple moving average is $118.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the previous year, the company earned $0.73 earnings per share. Research analysts predict that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. HSBC initiated coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. Barclays lifted their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Finally, Evercore ISI lifted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $152.93.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.