LGT Capital Partners LTD. Lowers Stock Position in KKR & Co. Inc. (NYSE:KKR)

LGT Capital Partners LTD. lowered its position in KKR & Co. Inc. (NYSE:KKR) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 about 2.3% of LGT Capital Partners LTD.’s portfolio, making the stock its 15th largest position. LGT Capital Partners LTD.’s holdings in KKR & Co. Inc. were worth $60,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pettinga Financial Advisors LLC bought a new position in KKR & Co. Inc. during the third quarter valued at about $238,000. Van ECK Associates Corp grew its position in KKR & Co. Inc. by 4.3% during the third quarter. Van ECK Associates Corp now owns 17,166 shares of the asset manager’s stock valued at $2,378,000 after buying an additional 704 shares during the period. Hollencrest Capital Management grew its position in KKR & Co. Inc. by 53.8% during the third quarter. Hollencrest Capital Management now owns 1,830 shares of the asset manager’s stock valued at $239,000 after buying an additional 640 shares during the period. CWA Asset Management Group LLC bought a new position in KKR & Co. Inc. during the third quarter valued at about $1,812,000. Finally, SpiderRock Advisors LLC bought a new position in KKR & Co. Inc. during the third quarter valued at about $3,319,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KKR. Oppenheimer increased their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company cut 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 report on Wednesday, February 5th. Barclays cut their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Price Performance

KKR stock opened at $115.39 on Friday. The firm has a 50 day moving average of $145.94 and a 200-day moving average of $142.01. 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 12 month low of $91.92 and a 12 month high of $170.40. The firm has a market capitalization of $102.49 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 39.34% of the stock is owned by company insiders.

About KKR & Co. Inc.

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.