Dilation Capital Management LP Takes Position in KKR & Co. Inc. (NYSE:KKR)

Dilation Capital Management LP acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 42,004 shares of the asset manager's stock, valued at approximately $6,213,000. KKR & Co. Inc. accounts for approximately 5.8% of Dilation Capital Management LP's investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds have also modified their holdings of the stock. Pine Valley Investments Ltd Liability Co bought a new stake in KKR & Co. Inc. in the third quarter valued at $233,000. World Investment Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 17.1% in the 3rd quarter. World Investment Advisors LLC now owns 20,196 shares of the asset manager's stock valued at $2,637,000 after purchasing an additional 2,954 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $2,686,000. Tidal Investments LLC increased its position in shares of KKR & Co. Inc. by 12.1% during the 3rd quarter. Tidal Investments LLC now owns 55,102 shares of the asset manager's stock worth $7,195,000 after purchasing an additional 5,935 shares in the last quarter. Finally, American Trust bought a new position in KKR & Co. Inc. during the 3rd quarter valued at about $202,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KKR. Citigroup decreased their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JMP Securities decreased their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Barclays decreased their target price on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Bank of America cut their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average target price of $144.93.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Trading Up 0.5 %

KKR stock traded up $0.56 during midday trading on Friday, reaching $113.81. The company's stock had a trading volume of 3,554,483 shares, compared to its average volume of 4,996,346. The business's 50-day simple moving average is $114.31 and its 200-day simple moving average is $137.65. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a market cap of $101.09 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

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.