LGT Capital Partners LTD. boosted its stake in shares of KKR & Co Inc (NYSE:KKR) by 37.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,000,000 shares of the asset manager’s stock after acquiring an additional 270,000 shares during the quarter. KKR & Co Inc accounts for about 1.6% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 24th largest holding. LGT Capital Partners LTD. owned approximately 0.19% of KKR & Co Inc worth $19,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Moon Capital Management LLC purchased a new stake in KKR & Co Inc during the 3rd quarter valued at about $2,870,000. FMR LLC lifted its holdings in KKR & Co Inc by 4.6% in the 2nd quarter. FMR LLC now owns 27,636,830 shares of the asset manager’s stock worth $686,775,000 after buying an additional 1,202,775 shares during the period. Rational Advisors LLC lifted its holdings in KKR & Co Inc by 1,574.9% in the 3rd quarter. Rational Advisors LLC now owns 81,650 shares of the asset manager’s stock worth $2,227,000 after buying an additional 76,775 shares during the period. Commonwealth Equity Services LLC lifted its holdings in KKR & Co Inc by 43.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 208,338 shares of the asset manager’s stock worth $5,681,000 after buying an additional 63,008 shares during the period. Finally, BlackRock Inc. lifted its holdings in KKR & Co Inc by 1,718.7% in the 3rd quarter. BlackRock Inc. now owns 11,093,462 shares of the asset manager’s stock worth $302,519,000 after buying an additional 10,483,481 shares during the period. Institutional investors own 73.17% of the company’s stock.
In other news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $40.20, for a total value of $404,181,211.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 39.34% of the company’s stock.
KKR & Co Inc (NYSE:KKR) last released its earnings results on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. The company had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $401.39 million. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. Equities analysts anticipate that KKR & Co Inc will post 1.92 EPS for the current year.
Several equities research analysts have weighed in on KKR shares. Zacks Investment Research upgraded KKR & Co Inc from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 19th. Oppenheimer set a $35.00 price objective on KKR & Co Inc and gave the stock a “buy” rating in a report on Wednesday, September 26th. Bank of America cut KKR & Co Inc from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Wednesday, October 10th. Deutsche Bank dropped their price objective on KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, October 11th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of KKR & Co Inc in a report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. KKR & Co Inc has an average rating of “Buy” and an average price target of $29.49.
KKR & Co Inc Company Profile
KKR & Co L.P. 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, and middle market investments.
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