Principal Securities Inc. Makes New $1.95 Million Investment in KKR & Co. Inc. (NYSE:KKR)

Principal Securities Inc. acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,572 shares of the asset manager's stock, valued at approximately $1,953,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. E&G Advisors LP boosted its holdings in KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager's stock worth $723,000 after acquiring an additional 126 shares during the last quarter. Montag A & Associates Inc. grew its position in KKR & Co. Inc. by 4.8% in the 4th quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager's stock worth $232,000 after purchasing an additional 128 shares in the last quarter. Cross Staff Investments Inc grew its position in KKR & Co. Inc. by 0.7% in the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager's stock worth $1,617,000 after purchasing an additional 130 shares in the last quarter. Nordea Investment Management AB increased its stake in KKR & Co. Inc. by 0.3% in the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager's stock valued at $3,241,000 after buying an additional 133 shares during the last quarter. Finally, Marks Group Wealth Management Inc boosted its stake in shares of KKR & Co. Inc. by 2.0% in the 4th quarter. Marks Group Wealth Management Inc now owns 7,480 shares of the asset manager's stock worth $620,000 after buying an additional 146 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares of the company's stock, valued at approximately $25,017,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley increased their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 24th. Jefferies Financial Group lowered their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a "buy" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods restated an "outperform" rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. StockNews.com raised shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research report on Thursday, May 2nd. Finally, Barclays increased their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $92.47.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $1.08 during mid-day trading on Friday, hitting $103.13. The company had a trading volume of 4,234,947 shares, compared to its average volume of 3,926,243. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The company has a market capitalization of $91.27 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 0.89 and a beta of 1.62. The stock's 50-day moving average price is $97.97 and its 200-day moving average price is $86.03.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.45% and a net margin of 19.38%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.06 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.70 annualized dividend and a yield of 0.68%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.17. KKR & Co. Inc.'s payout ratio is currently 14.80%.

About KKR & Co. Inc.

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.