Lynwood Price Capital Management LP Takes Position in KKR & Co. Inc. (NYSE:KKR)

Lynwood Price Capital Management LP bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 103,500 shares of the asset manager's stock, valued at approximately $15,309,000. KKR & Co. Inc. makes up 10.5% of Lynwood Price Capital Management LP's portfolio, making the stock its 3rd biggest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. lifted its holdings in KKR & Co. Inc. by 48.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,123 shares of the asset manager's stock worth $538,000 after buying an additional 1,345 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of KKR & Co. Inc. by 18.2% in the 3rd quarter. HighTower Advisors LLC now owns 85,451 shares of the asset manager's stock worth $11,140,000 after buying an additional 13,172 shares during the last quarter. Investment Management Corp of Ontario boosted its stake in KKR & Co. Inc. by 50.1% in the third quarter. Investment Management Corp of Ontario now owns 20,684 shares of the asset manager's stock valued at $2,701,000 after acquiring an additional 6,900 shares during the period. IHT Wealth Management LLC increased its position in KKR & Co. Inc. by 11.8% in the third quarter. IHT Wealth Management LLC now owns 14,168 shares of the asset manager's stock worth $1,850,000 after buying an additional 1,491 shares during the period. Finally, Royal London Asset Management Ltd. lifted its position in KKR & Co. Inc. by 3.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 270,540 shares of the asset manager's stock valued at $35,327,000 after purchasing an additional 9,833 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Wells Fargo & Company reduced their price target on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday. Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $158.67.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 0.6 %

KKR stock traded up $0.54 during mid-day trading on Wednesday, reaching $95.05. 3,904,394 shares of the stock traded hands, compared to its average volume of 5,919,301. The stock's fifty day moving average is $126.66 and its 200-day moving average is $140.29. The company has a market cap of $84.43 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.00 and a beta of 1.77. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.

About KKR & Co. Inc.

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.