Prana Capital Management LP Boosts Holdings in KKR & Co. Inc. $KKR

Prana Capital Management LP lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 291.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 584,911 shares of the asset manager’s stock after buying an additional 435,475 shares during the period. KKR & Co. Inc. makes up approximately 2.5% of Prana Capital Management LP’s portfolio, making the stock its 14th largest position. Prana Capital Management LP’s holdings in KKR & Co. Inc. were worth $76,009,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth $26,000. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $26,000. GGM Financials LLC purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $27,000. Richardson Financial Services Inc. grew its holdings in shares of KKR & Co. Inc. by 2,150.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the period. Finally, Pineridge Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $88.99 on Wednesday. The stock’s 50-day moving average price is $107.20 and its 200 day moving average price is $121.01. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The firm has a market cap of $79.34 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 0.63 and a beta of 2.01.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.185 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is 31.62%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Joseph Y. Bae acquired 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the acquisition, the chief executive officer owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott C. Nuttall bought 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the purchase, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 393,872 shares of company stock valued at $40,090,679 over the last three months. 23.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a report on Wednesday, January 28th. Oppenheimer lowered their target price on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. UBS Group dropped their price target on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Barclays reduced their price target on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.80.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.