Prana Capital Management LP Invests $20.59 Million in KKR & Co. Inc. (NYSE:KKR)

Prana Capital Management LP acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 139,189 shares of the asset manager's stock, valued at approximately $20,587,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $34,000. Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $36,000. Finally, HM Payson & Co. lifted its position in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after buying an additional 272 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider now owns 13,260,971 shares in the company, valued at $453,525,208.20. This trade represents a 31.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Scully acquired 13,250 shares of the stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Up 0.2%

Shares of KKR stock traded up $0.23 during trading hours on Friday, reaching $125.87. The company had a trading volume of 2,478,794 shares, compared to its average volume of 5,022,579. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The company has a market capitalization of $112.10 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The stock's fifty day simple moving average is $112.21 and its 200 day simple moving average is $135.65.

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 analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The company's revenue for the quarter was down 67.8% compared to the same quarter last year. As a group, sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is 31.22%.

Analyst Upgrades and Downgrades

KKR has been the topic of several recent analyst reports. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $120.00 to $150.00 in a research report on Wednesday. TD Cowen reduced their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price objective for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. JMP Securities cut their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $120.00 to $136.00 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, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of "Buy" and an average target price of $149.14.

KKR & Co. Inc. 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.