Lone Pine Capital LLC Has $598.76 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Lone Pine Capital LLC decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,048,143 shares of the asset manager's stock after selling 474,587 shares during the quarter. KKR & Co. Inc. makes up approximately 4.4% of Lone Pine Capital LLC's holdings, making the stock its 10th biggest holding. Lone Pine Capital LLC owned 0.46% of KKR & Co. Inc. worth $598,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the 4th quarter worth about $27,000. Crews Bank & Trust bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. lifted its stake in 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 purchasing an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Trading Up 0.0 %

NYSE:KKR traded up $0.05 on Wednesday, hitting $114.40. 4,657,017 shares of the stock were exchanged, compared to its average volume of 5,000,146. The stock has a market capitalization of $101.62 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company's 50-day moving average price is $113.42 and its 200 day moving average price is $137.37.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid 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 presently 21.02%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KKR shares. JMP Securities reduced their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. TD Cowen cut their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Citigroup cut their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley cut their price target on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.93.

KKR & Co. Inc. Company Profile

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.