MetLife Investment Management LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,195 shares of the asset manager's stock after purchasing an additional 3,011 shares during the period. MetLife Investment Management LLC's holdings in KKR & Co. Inc. were worth $27,688,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. during the fourth quarter valued at $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth about $36,000. Finally, HM Payson & Co. boosted its position in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.
Insider Activity 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 dated 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 in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.
KKR & Co. Inc. Stock Up 1.2 %
Shares of KKR & Co. Inc. stock opened at $103.29 on Friday. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. 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 stock has a 50 day moving average price of $117.65 and a two-hundred day moving average price of $138.54. The stock has a market capitalization of $91.75 billion, a P/E ratio of 31.02, a PEG ratio of 1.00 and a beta of 1.77.
KKR & Co. Inc. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 yield of 0.68%. KKR & Co. Inc.'s payout ratio is presently 21.02%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on KKR shares. Morgan Stanley dropped their target price on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Barclays cut their target price on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Bank of America lowered their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Citigroup cut their price objective 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, Wells Fargo & Company lowered their target price on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average target price of $144.93.
View Our Latest Analysis on KKR & Co. Inc.
About KKR & Co. Inc.
(
Free Report)
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.
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