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

Meiji Yasuda Asset Management Co Ltd. increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 38.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,032 shares of the asset manager’s stock after buying 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KKR. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $325,752,000. Proficio Capital Partners LLC lifted its holdings in KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after acquiring an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $218,918,000. Roberts Foundation bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $147,910,000. Finally, Amundi raised its position in shares of KKR & Co. Inc. by 51.8% during the 4th quarter. Amundi now owns 2,136,126 shares of the asset manager’s stock worth $316,659,000 after purchasing an additional 728,515 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Finally, Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

KKR & Co. Inc. Trading Down 2.2 %

Shares of KKR & Co. Inc. stock opened at $119.48 on Thursday. The business has a fifty day simple moving average of $137.64 and a 200-day simple moving average of $141.55. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The firm has a market cap of $106.13 billion, a price-to-earnings ratio of 35.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Insider Activity

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 transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.