Maestria Partners LLC Acquires Shares of 136,000 KKR & Co. Inc. (NYSE:KKR)

Maestria Partners LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 136,000 shares of the asset manager's stock, valued at approximately $20,116,000. KKR & Co. Inc. makes up about 8.0% of Maestria Partners LLC's portfolio, making the stock its 4th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. AMG National Trust Bank purchased a new position in KKR & Co. Inc. in the 3rd quarter worth $271,000. Pathstone Holdings LLC increased its holdings in shares of KKR & Co. Inc. by 12.4% in the third quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager's stock worth $8,112,000 after buying an additional 6,873 shares during the period. Caprock Group LLC lifted its stake in shares of KKR & Co. Inc. by 76.6% in the 3rd quarter. Caprock Group LLC now owns 6,112 shares of the asset manager's stock valued at $798,000 after acquiring an additional 2,651 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 5.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,542 shares of the asset manager's stock valued at $985,000 after acquiring an additional 361 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $100,000. 76.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business'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 sale, the insider now 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 39.34% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays lowered their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $150.00 to $141.00 in a research report on Thursday. Finally, Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus price target of $160.79.

KKR & Co. Inc. Stock Up 4.8 %

Shares of KKR stock traded up $5.65 during midday trading on Monday, reaching $122.15. 5,275,719 shares of the stock were exchanged, compared to its average volume of 4,386,218. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm has a market cap of $108.50 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company's 50 day moving average is $138.68 and its two-hundred day moving average is $141.66. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 0.57%. KKR & Co. Inc.'s payout ratio is 21.02%.

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.