LGT Capital Partners LTD. Sells 206,500 Shares of KKR & Co. Inc. (NYSE:KKR)

LGT Capital Partners LTD. reduced its stake in KKR & Co. Inc. (NYSE:KKR) by 23.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 675,500 shares of the asset manager’s stock after selling 206,500 shares during the quarter. KKR & Co. Inc. comprises 1.7% of LGT Capital Partners LTD.’s holdings, making the stock its 22nd largest position. LGT Capital Partners LTD. owned 0.08% of KKR & Co. Inc. worth $55,965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KKR. Quarry LP lifted its holdings in shares of KKR & Co. Inc. by 95.3% during the 2nd quarter. Quarry LP now owns 459 shares of the asset manager’s stock worth $26,000 after acquiring an additional 224 shares during the period. NBC Securities Inc. acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth about $43,000. CVA Family Office LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $48,000. SkyView Investment Advisors LLC acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at $49,000. Finally, Washington Trust Advisors Inc. lifted its position in KKR & Co. Inc. by 258.3% in the 4th quarter. Washington Trust Advisors Inc. now owns 627 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 452 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on KKR shares. Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $91.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. TD Cowen started coverage on KKR & Co. Inc. in a report on Thursday, January 4th. They issued an “outperform” rating and a $96.00 price objective for the company. JMP Securities raised their price objective on KKR & Co. Inc. from $92.00 to $108.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 7th. Finally, The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $79.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, November 30th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.60.

KKR & Co. Inc. Stock Performance

KKR opened at $100.57 on Friday. The company has a 50 day simple moving average of $94.59 and a two-hundred day simple moving average of $77.99. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48. The firm has a market cap of $89.01 billion, a P/E ratio of 24.65, a PEG ratio of 0.87 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. Equities analysts forecast that KKR & Co. Inc. will post 4.63 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 16.18%.

Insider Buying and Selling at KKR & Co. Inc.

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

About KKR & Co. Inc.

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.