Davidson Kahn Capital Management LLC Has $2.50 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Davidson Kahn Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 47.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,631 shares of the asset manager’s stock after purchasing an additional 6,935 shares during the period. KKR & Co. Inc. accounts for 1.9% of Davidson Kahn Capital Management LLC’s holdings, making the stock its 19th biggest holding. Davidson Kahn Capital Management LLC’s holdings in KKR & Co. Inc. were worth $2,501,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KKR. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $26,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $36,000. Finally, HM Payson & Co. boosted its holdings in KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of several analyst reports. Citigroup lowered their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Bank of America lowered their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research note on Friday, April 4th. JMP Securities cut their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, May 23rd. Finally, Morgan Stanley raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Buy” and a consensus price target of $149.43.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Robert W. Scully purchased 13,250 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director now owns 13,250 shares in the company, valued at $1,503,742.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy R. Barakett purchased 35,000 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director now owns 185,000 shares in the company, valued at $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $122.20 on Tuesday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a market capitalization of $108.84 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 1.36 and a beta of 1.89. The business has a 50-day simple moving average of $118.03 and a 200 day simple moving average of $129.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company’s quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a $0.185 dividend. This is a boost from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.22%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.