Meiji Yasuda Asset Management Co Ltd. Grows Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 38.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,032 shares of the asset manager's stock after purchasing an additional 3,362 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in KKR & Co. Inc. were worth $1,780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in KKR & Co. Inc. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after purchasing an additional 441,817 shares in the last quarter. State Street Corp boosted its stake in shares of KKR & Co. Inc. by 1.8% in the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock valued at $3,486,977,000 after buying an additional 481,686 shares during the period. Wellington Management Group LLP grew its position in shares of KKR & Co. Inc. by 0.3% during the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager's stock worth $3,059,859,000 after buying an additional 60,147 shares in the last quarter. Geode Capital Management LLC grew its position in shares of KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock worth $1,768,788,000 after buying an additional 355,837 shares in the last quarter. Finally, FMR LLC increased its stake in shares of KKR & Co. Inc. by 1.5% during the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager's stock worth $1,469,199,000 after buying an additional 165,631 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on KKR. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Morgan Stanley decreased their target price on 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. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Finally, Barclays reduced their price objective on shares of 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. One research 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $160.79.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $1.17 during trading hours on Monday, hitting $113.69. 933,276 shares of the company were exchanged, compared to its average volume of 4,597,224. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average of $136.07 and a 200-day moving average of $141.69. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The stock has a market capitalization of $100.99 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.62%. KKR & Co. Inc.'s payout ratio is currently 21.02%.

Insider Activity

In other KKR & Co. Inc. 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 transaction of $197,760,000.00. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 39.34% of the company's stock.

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.