Governors Lane LP Has $38.18 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Governors Lane LP decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 258,100 shares of the asset manager's stock after selling 50,300 shares during the period. KKR & Co. Inc. comprises about 3.0% of Governors Lane LP's investment portfolio, making the stock its 10th biggest holding. Governors Lane LP's holdings in KKR & Co. Inc. were worth $38,176,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the fourth quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the 4th quarter worth $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. during the 4th quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth $36,000. Finally, HM Payson & Co. raised its position 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 buying an additional 272 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

KKR stock traded up $1.85 during midday trading on Tuesday, reaching $127.07. The stock had a trading volume of 538,808 shares, compared to its average volume of 4,997,649. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company's fifty day simple moving average is $111.10 and its 200 day simple moving average is $135.99. The company has a market cap of $112.87 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business posted $0.97 earnings per share. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.185 per share. This represents a dividend yield of 0.64%. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is 31.22%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KKR. JMP Securities cut their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Bank of America reduced their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Citigroup decreased their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.00.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Scully bought 13,250 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

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.