KKR & Co. Inc. $KKR Shares Bought by Prana Capital Management LP

Prana Capital Management LP grew its stake in KKR & Co. Inc. (NYSE:KKR) by 291.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 584,911 shares of the asset manager’s stock after purchasing an additional 435,475 shares during the quarter. KKR & Co. Inc. makes up 2.5% of Prana Capital Management LP’s holdings, making the stock its 14th biggest position. Prana Capital Management LP owned about 0.07% of KKR & Co. Inc. worth $76,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Southeast Asset Advisors LLC raised its position in shares of KKR & Co. Inc. by 0.3% during the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after purchasing an additional 68 shares during the last quarter. Berbice Capital Management LLC boosted its holdings in KKR & Co. Inc. by 3.5% in the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock worth $293,000 after buying an additional 75 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in KKR & Co. Inc. by 3.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $317,000 after buying an additional 84 shares during the last quarter. Cornerstone Advisory LLC increased its stake in KKR & Co. Inc. by 3.0% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock worth $414,000 after buying an additional 92 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its stake in KKR & Co. Inc. by 4.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 2,469 shares of the asset manager’s stock worth $321,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, Director Timothy R. Barakett purchased 50,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the acquisition, the director directly owned 285,000 shares in the company, valued at approximately $26,923,950. The trade was a 21.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matt Cohler purchased 43,872 shares of the stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the transaction, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 393,872 shares of company stock worth $40,090,679. 23.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KKR shares. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Wednesday, January 28th. Oppenheimer reduced their price objective on 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. Barclays decreased their price objective on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Royal Bank Of Canada started coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.80.

KKR & Co. Inc. Trading Up 3.4%

Shares of KKR & Co. Inc. stock opened at $88.99 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s 50 day simple moving average is $107.20 and its 200-day simple moving average is $121.01. The stock has a market cap of $79.34 billion, a P/E ratio of 38.03, a P/E/G ratio of 0.63 and a beta of 2.01. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year 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 paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s payout ratio is 31.62%.

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.