LGT Capital Partners LTD. Has $60.88 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

LGT Capital Partners LTD. decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 466,200 shares of the asset manager's stock after selling 76,300 shares during the period. KKR & Co. Inc. makes up 2.1% of LGT Capital Partners LTD.'s portfolio, making the stock its 17th biggest position. LGT Capital Partners LTD. owned about 0.05% of KKR & Co. Inc. worth $60,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Covestor Ltd lifted its stake in KKR & Co. Inc. by 309.8% during the first quarter. Covestor Ltd now owns 1,463 shares of the asset manager's stock valued at $147,000 after buying an additional 1,106 shares in the last quarter. Bahl & Gaynor Inc. bought a new stake in KKR & Co. Inc. in the first quarter worth approximately $201,000. O Shaughnessy Asset Management LLC increased its stake in shares of KKR & Co. Inc. by 30.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,076 shares of the asset manager's stock worth $1,516,000 after purchasing an additional 3,502 shares during the last quarter. Bessemer Group Inc. boosted its holdings in KKR & Co. Inc. by 107.0% in the first quarter. Bessemer Group Inc. now owns 36,455 shares of the asset manager's stock worth $3,667,000 after purchasing an additional 18,848 shares in the last quarter. Finally, Lake Street Advisors Group LLC bought a new position in KKR & Co. Inc. during the first quarter valued at about $526,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

In other 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 stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 18.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, for a total transaction 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 $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $0.33 during trading on Tuesday, reaching $152.78. The company's stock had a trading volume of 2,452,440 shares, compared to its average volume of 4,252,626. The stock has a 50-day moving average price of $136.84 and a two-hundred day moving average price of $119.91. The stock has a market capitalization of $135.70 billion, a P/E ratio of 46.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.61. 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 one year low of $66.75 and a one year high of $156.54.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business earned $0.73 earnings per share. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Argus upgraded KKR & Co. Inc. to a "strong-buy" rating in a report on Thursday, August 1st. Morgan Stanley lifted their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. One 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 price target of $154.14.

KKR & Co. Inc. Company 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.