Metavasi Capital LP Sells 20,000 Shares of KKR & Co. Inc. (NYSE:KKR)

Metavasi Capital LP reduced its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the asset manager's stock after selling 20,000 shares during the quarter. KKR & Co. Inc. accounts for about 1.0% of Metavasi Capital LP's investment portfolio, making the stock its 21st largest holding. Metavasi Capital LP's holdings in KKR & Co. Inc. were worth $2,958,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. AdvisorNet Financial Inc lifted its stake in KKR & Co. Inc. by 417.8% in the 4th quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock valued at $322,000 after acquiring an additional 1,759 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 44.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after buying an additional 2,749 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $667,000. Caldwell Investment Management Ltd. increased its position in shares of KKR & Co. Inc. by 2.9% in the fourth quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after acquiring an additional 38,524 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 0.7 %

KKR & Co. Inc. stock traded down $0.81 during mid-day trading on Tuesday, hitting $113.98. 1,984,340 shares of the stock were exchanged, compared to its average volume of 4,968,004. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The firm's fifty day simple moving average is $112.12 and its two-hundred day simple moving average is $136.76. The stock has a market capitalization of $101.24 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 1.00 and a beta of 1.91. 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. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company's quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.185 per share. This represents a yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KKR. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price objective for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. TD Cowen dropped their target price 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. 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 report on Friday, April 4th. 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. Finally, Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average target price of $144.73.

Insider Activity at KKR & Co. Inc.

In other 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 stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is currently owned by corporate insiders.

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.