Meketa Capital LLC Purchases Shares of 17,950 KKR & Co. Inc. (NYSE:KKR)

Meketa Capital LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,950 shares of the asset manager's stock, valued at approximately $2,655,000. KKR & Co. Inc. comprises 5.9% of Meketa Capital LLC's portfolio, making the stock its 5th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Czech National Bank grew its holdings in shares of KKR & Co. Inc. by 6.5% in the fourth quarter. Czech National Bank now owns 146,366 shares of the asset manager's stock worth $21,649,000 after purchasing an additional 8,979 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $225,000. Brookstone Capital Management bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $335,000. Miracle Mile Advisors LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth $219,000. Finally, AdvisorNet Financial Inc lifted its stake in KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after acquiring an additional 1,759 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on KKR shares. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Citigroup dropped their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Cowen dropped their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley raised their price objective on KKR & Co. Inc. from $114.00 to $120.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Bank of America lowered their price objective 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $147.00.

Insider Buying and Selling

In other news, Director Robert W. Scully purchased 13,250 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $197,760,000.00. Following the sale, 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 disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $125.21 on Tuesday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a 50-day moving average of $111.10 and a 200 day moving average of $135.99. The company has a market capitalization of $111.21 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $0.97 EPS. KKR & Co. Inc.'s revenue for the quarter was down 67.8% on a year-over-year basis. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.185 dividend. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.