LGT Capital Partners LTD. decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 12.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 409,500 shares of the asset manager's stock after selling 56,700 shares during the period. KKR & Co. Inc. comprises approximately 2.3% of LGT Capital Partners LTD.'s portfolio, making the stock its 15th biggest holding. LGT Capital Partners LTD.'s holdings in KKR & Co. Inc. were worth $60,569,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in KKR. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $30,000. HM Payson & Co. boosted its stake in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after acquiring an additional 272 shares during the last quarter. Bank of New Hampshire purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $45,000. Finally, Truvestments Capital LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 76.26% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on KKR. The Goldman Sachs Group raised their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Barclays reduced their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $161.43.
Get Our Latest Research Report on KKR & Co. Inc.
Insider Activity at KKR & Co. Inc.
In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 39.34% of the company's stock.
KKR & Co. Inc. Trading Down 5.1 %
KKR stock traded down $5.85 during midday trading on Thursday, reaching $108.52. 7,529,292 shares of the company's stock traded hands, compared to its average volume of 5,523,748. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The business has a 50-day moving average price of $143.74 and a two-hundred day moving average price of $141.84. The company has a market capitalization of $96.39 billion, a P/E ratio of 32.59, a PEG ratio of 1.00 and a beta of 1.72.
KKR & Co. Inc. Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.65%. KKR & Co. Inc.'s payout ratio is 21.02%.
KKR & Co. Inc. Profile
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Free Report)
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.
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