Metis Global Partners LLC Increases Holdings in KKR & Co. Inc. (NYSE:KKR)

Metis Global Partners LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 4.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 28,603 shares of the asset manager’s stock after purchasing an additional 1,233 shares during the period. Metis Global Partners LLC’s holdings in KKR & Co. Inc. were worth $3,735,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB boosted its position in shares of KKR & Co. Inc. by 33.5% in the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after acquiring an additional 16,424 shares during the period. XTX Topco Ltd boosted its holdings in KKR & Co. Inc. by 116.8% in the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock valued at $3,117,000 after purchasing an additional 15,959 shares during the period. Advisors Asset Management Inc. grew its position in shares of KKR & Co. Inc. by 100.7% during the 1st quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock valued at $2,017,000 after purchasing an additional 10,060 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of KKR & Co. Inc. in the first quarter worth $2,514,000. Finally, Atria Investments Inc raised its position in shares of KKR & Co. Inc. by 23.8% in the first quarter. Atria Investments Inc now owns 36,702 shares of the asset manager’s stock worth $3,691,000 after buying an additional 7,050 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KKR. Morgan Stanley upped their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. HSBC began coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. Barclays increased their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $152.93.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $150.52 on Friday. The stock has a market capitalization of $133.70 billion, a P/E ratio of 45.75, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61. KKR & Co. Inc. has a one year low of $65.91 and a one year high of $156.54. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business’s 50 day simple moving average is $134.84 and its two-hundred day simple moving average is $118.56.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the business posted $0.73 EPS. Analysts forecast that KKR & Co. Inc. will post 4.12 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be issued a dividend of $0.175 per share. The ex-dividend date is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.