KKR & Co. Inc. (NYSE:KKR) is Hudson Way Capital Management LLC's Largest Position

Hudson Way Capital Management LLC decreased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 856,925 shares of the asset manager's stock after selling 115,075 shares during the period. KKR & Co. Inc. accounts for 14.3% of Hudson Way Capital Management LLC's investment portfolio, making the stock its largest holding. Hudson Way Capital Management LLC owned about 0.10% of KKR & Co. Inc. worth $126,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. during the 4th quarter worth $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the 4th quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $36,000. Finally, HM Payson & Co. raised its holdings in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after buying an additional 272 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. TD Cowen reduced their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Citigroup dropped their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays increased their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $147.00.

Insider Buying and Selling

In other news, Director Robert W. Scully purchased 13,250 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the transaction, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This trade represents a 23.75% decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

Shares of KKR traded up $1.67 during trading hours on Tuesday, reaching $126.89. The company had a trading volume of 4,778,576 shares, compared to its average volume of 5,014,820. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm has a 50 day simple moving average of $111.32 and a 200-day simple moving average of $135.92. The company has a market capitalization of $112.71 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the company posted $0.97 earnings per share. The firm's quarterly revenue was down 67.8% compared to the same quarter last year. Research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.'s payout ratio is currently 31.22%.

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.