KKR & Co. Inc. $KKR Shares Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 146.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 94,661 shares of the asset manager’s stock after buying an additional 56,244 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in KKR & Co. Inc. were worth $12,301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KKR. Brighton Jones LLC increased its holdings in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $218,000. Sivia Capital Partners LLC boosted its stake in KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 237 shares during the period. United Bank bought a new position in KKR & Co. Inc. in the 2nd quarter worth about $769,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in KKR & Co. Inc. by 83.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,397 shares of the asset manager’s stock worth $2,048,000 after purchasing an additional 6,991 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KKR. Oppenheimer cut their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Barclays decreased their price objective on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada initiated coverage on KKR & Co. Inc. in a research note on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $151.80.

Insider Transactions at KKR & Co. Inc.

In other news, Director Matt Cohler purchased 43,872 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the purchase, the director owned 45,477 shares in the company, valued at $4,679,583.30. This trade represents a 2,733.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott C. Nuttall purchased 125,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the transaction, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 393,872 shares of company stock valued at $40,090,679. 23.20% of the stock is currently owned by company insiders.

KKR & Co. Inc. Trading Up 2.5%

Shares of NYSE:KKR opened at $85.97 on Monday. The company has a 50 day moving average of $109.11 and a 200-day moving average of $121.75. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The firm has a market cap of $76.65 billion, a P/E ratio of 36.74, a P/E/G ratio of 0.63 and a beta of 2.01. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio is 31.62%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.