Davidson Kahn Capital Management LLC Grows Position in KKR & Co. Inc. (NYSE:KKR)

Davidson Kahn Capital Management LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 47.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,631 shares of the asset manager's stock after purchasing an additional 6,935 shares during the period. KKR & Co. Inc. makes up 1.9% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 19th largest holding. Davidson Kahn Capital Management LLC's holdings in KKR & Co. Inc. were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after buying an additional 2,437 shares during the period. D.A. Davidson & CO. increased its stake in shares of KKR & Co. Inc. by 16.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,331 shares of the asset manager's stock worth $1,232,000 after acquiring an additional 1,158 shares in the last quarter. Private Advisor Group LLC lifted its position in KKR & Co. Inc. by 5.6% during the 4th quarter. Private Advisor Group LLC now owns 18,042 shares of the asset manager's stock valued at $2,669,000 after acquiring an additional 953 shares during the period. Sigma Planning Corp lifted its position in KKR & Co. Inc. by 1.7% during the 4th quarter. Sigma Planning Corp now owns 6,598 shares of the asset manager's stock valued at $976,000 after acquiring an additional 109 shares during the period. Finally, Wealthspire Advisors LLC boosted its stake in KKR & Co. Inc. by 25.5% during the fourth quarter. Wealthspire Advisors LLC now owns 2,902 shares of the asset manager's stock worth $429,000 after acquiring an additional 590 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded up $0.17 during midday trading on Wednesday, reaching $127.94. 300,367 shares of the company's stock traded hands, compared to its average volume of 4,256,004. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market cap of $113.95 billion, a price-to-earnings ratio of 53.93, a P/E/G ratio of 1.36 and a beta of 1.89. The stock has a 50 day moving average of $118.50 and a 200 day moving average of $129.80.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $1.71 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The business's revenue for the quarter was down 67.8% compared to the same quarter last year. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a dividend of $0.185 per share. This is an increase 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 is 31.22%.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on 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 now owns 13,260,971 shares in the company, valued at $453,525,208.20. This represents a 31.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Scully acquired 13,250 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the acquisition, the director now owns 13,250 shares of the company's stock, valued at $1,503,742.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of analyst reports. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their target price for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. TD Cowen dropped their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, JMP Securities cut their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Buy" and an average price target of $149.43.

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.