Hudson Way Capital Management LLC Has $182.31 Million Position in KKR & Co. Inc. $KKR

Hudson Way Capital Management LLC grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 19.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,402,895 shares of the asset manager’s stock after acquiring an additional 226,727 shares during the period. KKR & Co. Inc. comprises approximately 15.5% of Hudson Way Capital Management LLC’s portfolio, making the stock its biggest holding. Hudson Way Capital Management LLC’s holdings in KKR & Co. Inc. were worth $182,306,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Covenant Asset Management LLC lifted its position in KKR & Co. Inc. by 1,424.8% in the third quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock worth $3,876,000 after buying an additional 27,870 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in KKR & Co. Inc. by 5.2% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager’s stock valued at $170,736,000 after acquiring an additional 65,178 shares during the last quarter. Cumberland Partners Ltd raised its stake in shares of KKR & Co. Inc. by 816.2% in the third quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock valued at $3,352,000 after acquiring an additional 22,976 shares during the period. Banco Santander S.A. raised its stake in shares of KKR & Co. Inc. by 5,405.9% in the third quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager’s stock valued at $18,839,000 after acquiring an additional 142,337 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 59,242,848 shares of the asset manager’s stock worth $7,698,608,000 after acquiring an additional 585,893 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 2.5%

NYSE KKR opened at $85.97 on Monday. The company’s 50-day moving average price is $109.11 and its 200-day moving average price is $121.75. 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 stock has a market cap of $76.65 billion, a PE ratio of 36.74, a PEG ratio of 0.63 and a beta of 2.01. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is 31.62%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays dropped their price target on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, UBS Group reduced their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $151.80.

Insider Activity at KKR & Co. Inc.

In related news, Director Matt Cohler purchased 43,872 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was purchased at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the purchase, the director owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph Y. Bae purchased 125,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the acquisition, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at $52,040,972.83. This trade represents a 32.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 393,872 shares of company stock valued at $40,090,679 over the last 90 days. 23.20% of the stock is currently owned by insiders.

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.