LGT Capital Partners LTD. Decreases Stake in KKR & Co. Inc. (NYSE:KKR)

LGT Capital Partners LTD. lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 466,200 shares of the asset manager’s stock after selling 76,300 shares during the period. KKR & Co. Inc. makes up about 2.1% of LGT Capital Partners LTD.’s portfolio, making the stock its 17th biggest position. LGT Capital Partners LTD. owned approximately 0.05% of KKR & Co. Inc. worth $60,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its holdings in shares of KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after purchasing an additional 2,133,290 shares during the period. Bank of New York Mellon Corp raised its position in KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after buying an additional 1,585,447 shares during the last quarter. APG Asset Management N.V. acquired a new stake in KKR & Co. Inc. during the 2nd quarter valued at approximately $154,468,000. Capital World Investors boosted its holdings in shares of KKR & Co. Inc. by 7.4% in the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after acquiring an additional 1,139,784 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock valued at $1,755,838,000 after acquiring an additional 996,871 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 1.6 %

NYSE KKR opened at $152.46 on Tuesday. The business has a fifty day moving average price of $136.16 and a 200 day moving average price of $119.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $135.42 billion, a P/E ratio of 46.34, a P/E/G ratio of 1.20 and a beta of 1.61. KKR & Co. Inc. has a one year low of $66.75 and a one year high of $156.54.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the business earned $0.73 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.28%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JMP Securities boosted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. HSBC assumed coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target for the company. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $152.93.

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.