Lone Pine Capital LLC Has $530.27 Million Holdings in KKR & Co. Inc. $KKR

Lone Pine Capital LLC lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 21.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,080,561 shares of the asset manager’s stock after selling 1,141,208 shares during the period. KKR & Co. Inc. makes up approximately 3.9% of Lone Pine Capital LLC’s investment portfolio, making the stock its 12th largest position. Lone Pine Capital LLC owned about 0.46% of KKR & Co. Inc. worth $530,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $26,000. GGM Financials LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. grew its holdings in KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Pineridge Advisors LLC acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at $31,000. Finally, Atlantic Union Bankshares Corp bought a new position in KKR & Co. Inc. during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, CEO Joseph Y. Bae bought 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the purchase, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Scott C. Nuttall bought 125,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the acquisition, the chief executive officer owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. This represents a 0.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 393,872 shares of company stock valued at $40,090,679 over the last ninety days. Company insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $86.13 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The company has a market cap of $76.79 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 0.63 and a beta of 2.01. The company has a 50 day moving average of $108.14 and a 200-day moving average of $121.37. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Analysts Set New Price Targets

KKR has been the subject of a number of research reports. Royal Bank Of Canada began coverage on KKR & Co. Inc. in a report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 target price for the company. UBS Group decreased their price target on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Oppenheimer dropped their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Finally, HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.80.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.