KKR & Co. Inc. (NYSE:KKR) Position Reduced by Lone Pine Capital LLC

Lone Pine Capital LLC lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 8.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,385,506 shares of the asset manager’s stock after selling 606,614 shares during the quarter. KKR & Co. Inc. comprises approximately 5.5% of Lone Pine Capital LLC’s portfolio, making the stock its 6th biggest holding. Lone Pine Capital LLC’s holdings in KKR & Co. Inc. were worth $672,011,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KKR. Gilbert & Cook Inc. grew its position in shares of KKR & Co. Inc. by 5.8% in the fourth quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock valued at $1,204,000 after purchasing an additional 792 shares in the last quarter. SageView Advisory Group LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $357,000. Hsbc Holdings PLC increased its position in shares of KKR & Co. Inc. by 27.7% during the fourth quarter. Hsbc Holdings PLC now owns 220,572 shares of the asset manager’s stock valued at $18,283,000 after buying an additional 47,866 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in shares of KKR & Co. Inc. by 4.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 20,872 shares of the asset manager’s stock valued at $1,729,000 after buying an additional 886 shares during the period. Finally, Pine Valley Investments Ltd Liability Co purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $239,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KKR shares. Barclays boosted their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. Wells Fargo & Company initiated coverage on KKR & Co. Inc. in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $130.00 price objective on the stock. JMP Securities boosted their target price on KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. Finally, HSBC assumed coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.27.

Insider Buying and Selling

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 that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Down 0.2 %

KKR stock opened at $132.40 on Wednesday. The company has a market capitalization of $117.50 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $134.85. The company’s 50 day moving average price is $119.53 and its two-hundred day moving average price is $108.39.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company earned $0.58 EPS. As a group, analysts predict that KKR & Co. Inc. will post 3.99 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 Tuesday, August 27th. Investors of record on Monday, August 12th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

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.