Meiji Yasuda Life Insurance Co Buys Shares of 5,040 KKR & Co. Inc. (NYSE:KKR)

Meiji Yasuda Life Insurance Co purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,040 shares of the asset manager's stock, valued at approximately $745,000.

Several other institutional investors have also modified their holdings of KKR. Keel Point LLC lifted its stake in KKR & Co. Inc. by 28.4% in the fourth quarter. Keel Point LLC now owns 5,478 shares of the asset manager's stock valued at $810,000 after buying an additional 1,211 shares in the last quarter. Davidson Kahn Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $2,174,000. Bison Wealth LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $218,000. Becker Capital Management Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter worth $210,000. Finally, Voleon Capital Management LP bought a new position in KKR & Co. Inc. during the 4th quarter worth about $514,000. Institutional investors own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In related 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 value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 39.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of research reports. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Bank of America reduced their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, April 4th. TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Citigroup lowered their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.33.

KKR & Co. Inc. Trading Up 2.2 %

KKR stock opened at $117.00 on Friday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market cap of $103.93 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The company has a fifty day moving average price of $112.48 and a two-hundred day moving average price of $136.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the company posted $0.97 EPS. KKR & Co. Inc.'s quarterly revenue was down 67.8% compared to the same quarter last year. Equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.

KKR & Co. Inc. 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.

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