Kayne Anderson Capital Advisors LP Lowers Holdings in KKR & Co. Inc. (NYSE:KKR)

Kayne Anderson Capital Advisors LP cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,600 shares of the asset manager’s stock after selling 23,600 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in KKR & Co. Inc. were worth $1,955,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $30,000. NBC Securities Inc. bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $43,000. Naples Money Management LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $43,000. Finally, CVA Family Office LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at $48,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on KKR shares. Barclays raised their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. StockNews.com upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

KKR & Co. Inc. Stock Performance

Shares of KKR traded up $1.78 during midday trading on Thursday, hitting $101.45. 595,612 shares of the stock traded hands, compared to its average volume of 3,501,261. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The business’s 50 day moving average price is $97.81 and its two-hundred day moving average price is $85.37. The firm has a market capitalization of $89.78 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) 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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. Equities research analysts predict that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a $0.175 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a yield of 0.69%. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the transaction, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the acquisition, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Profile

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.