Kayne Anderson Capital Advisors LP Has $1.96 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

Kayne Anderson Capital Advisors LP trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 50.0% during the fourth quarter, HoldingsChannel.com reports. The firm 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 as of its most recent SEC filing.

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

Insider Transactions at KKR & Co. Inc.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on KKR shares. JMP Securities raised their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Morgan Stanley lifted their price objective 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. Barclays lifted their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, TD Cowen reduced their price target on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.00.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded up $1.78 on Thursday, reaching $101.45. The company’s stock had a trading volume of 595,612 shares, compared to its average volume of 3,501,261. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48. The company has a market cap of $89.78 billion, a P/E ratio of 22.40, a PEG ratio of 0.81 and a beta of 1.62. The company has a 50-day simple moving average of $97.81 and a 200 day simple moving average of $85.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

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.