Lynwood Price Capital Management LP Has $16.82 Million Position in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Lynwood Price Capital Management LP increased its stake in KKR & Co. Inc. by 40.6%, acquiring an additional 42,000 shares, and now holds a position valued at approximately $16.82 million.
• Recent insider activity includes Director Timothy R. Barakett purchasing 35,000 shares and Director Robert W. Scully buying 13,250 shares, enhancing their ownership in the company.
• KKR & Co. Inc. has declared an increased quarterly dividend of $0.185 per share, up from the previous $0.18, indicating positive growth in return for shareholders.

Lynwood Price Capital Management LP grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 40.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 145,500 shares of the asset manager's stock after acquiring an additional 42,000 shares during the period. KKR & Co. Inc. accounts for approximately 9.6% of Lynwood Price Capital Management LP's investment portfolio, making the stock its 4th biggest position. Lynwood Price Capital Management LP's holdings in KKR & Co. Inc. were worth $16,821,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KKR. Jennison Associates LLC grew its holdings in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after acquiring an additional 4,306,290 shares during the period. Nuveen Asset Management LLC grew its stake in shares of KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after buying an additional 3,391,581 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after buying an additional 2,391,434 shares during the period. GAMMA Investing LLC grew its stake in shares of KKR & Co. Inc. by 10,808.5% in the 1st quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after buying an additional 1,145,158 shares during the period. Finally, FMR LLC grew its stake in shares of KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after buying an additional 752,056 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Timothy R. Barakett purchased 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director directly owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Scully bought 13,250 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, the director directly owned 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 8,471,488 shares of company stock worth $501,529,092. Company insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on KKR. Bank of America reduced their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. 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. Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 target price on the stock. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Finally, JMP Securities reissued a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $154.33.

KKR & Co. Inc. Stock Down 2.7%

KKR & Co. Inc. stock opened at $146.42 on Friday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm has a market capitalization of $130.41 billion, a price-to-earnings ratio of 61.78, a P/E/G ratio of 1.67 and a beta of 1.88. 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 firm has a 50 day simple moving average of $132.64 and a 200 day simple moving average of $128.44.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business earned $1.09 EPS. On average, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s payout ratio is 31.22%.

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.

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