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

Lighthouse Investment Partners LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 146.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,661 shares of the asset manager’s stock after purchasing an additional 56,244 shares during the period. Lighthouse Investment Partners LLC’s holdings in KKR & Co. Inc. were worth $12,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. ESL Trust Services LLC acquired a new position in KKR & Co. Inc. in the third quarter worth approximately $26,000. GGM Financials LLC bought a new position in shares of KKR & Co. Inc. in the third quarter valued at $27,000. Clearstead Trust LLC acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $28,000. Richardson Financial Services Inc. lifted its position in shares of KKR & Co. Inc. by 2,150.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent research reports. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Wednesday, January 28th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. UBS Group cut their price objective on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $151.80.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Scott C. Nuttall bought 125,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was bought at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the transaction, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at approximately $1,591,614,769.68. The trade was a 0.81% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy R. Barakett purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the purchase, the director owned 285,000 shares in the company, valued at $26,923,950. The trade was a 21.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 393,872 shares of company stock worth $40,090,679. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $85.97 on Monday. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The stock’s 50-day moving average is $109.11 and its two-hundred day moving average is $121.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $76.65 billion, a P/E ratio of 36.74, a PEG ratio of 0.63 and a beta of 2.01.

KKR & Co. Inc. Dividend Announcement

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

About KKR & Co. Inc.

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.