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

Lone Pine Capital LLC decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,048,143 shares of the asset manager's stock after selling 474,587 shares during the quarter. KKR & Co. Inc. comprises 4.4% of Lone Pine Capital LLC's investment portfolio, making the stock its 10th largest holding. Lone Pine Capital LLC owned 0.46% of KKR & Co. Inc. worth $598,761,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of KKR & Co. Inc. in the third quarter worth about $233,000. World Investment Advisors LLC boosted its position in KKR & Co. Inc. by 17.1% during the third quarter. World Investment Advisors LLC now owns 20,196 shares of the asset manager's stock worth $2,637,000 after purchasing an additional 2,954 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in KKR & Co. Inc. during the third quarter worth approximately $2,686,000. Tidal Investments LLC grew its holdings in KKR & Co. Inc. by 12.1% during the third quarter. Tidal Investments LLC now owns 55,102 shares of the asset manager's stock valued at $7,195,000 after purchasing an additional 5,935 shares during the last quarter. Finally, American Trust bought a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction 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 sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded up $2.51 on Friday, hitting $117.00. The company's stock had a trading volume of 3,797,673 shares, compared to its average volume of 4,988,377. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a market cap of $103.93 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $112.48 and a 200-day moving average price of $136.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.'s dividend payout ratio is currently 31.22%.

Analyst Ratings Changes

KKR has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price 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. TD Cowen lowered their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Bank of America lowered their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $144.33.

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.