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

Metis Global Partners LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,346 shares of the asset manager’s stock after purchasing an additional 1,743 shares during the period. Metis Global Partners LLC’s holdings in KKR & Co. Inc. were worth $4,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Pettinga Financial Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter worth $238,000. US Bancorp DE grew its holdings in KKR & Co. Inc. by 9.5% in the 3rd quarter. US Bancorp DE now owns 50,816 shares of the asset manager’s stock worth $6,636,000 after acquiring an additional 4,388 shares during the last quarter. Shepherd Financial Partners LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at about $290,000. Gladstone Institutional Advisory LLC bought a new position in shares of KKR & Co. Inc. during the third quarter valued at about $821,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 3.5% during the third quarter. Farther Finance Advisors LLC now owns 11,758 shares of the asset manager’s stock worth $1,535,000 after purchasing an additional 393 shares during the period. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KKR. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, Barclays dropped their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $135.57 on Friday. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The firm’s 50-day simple moving average is $148.93 and its two-hundred day simple moving average is $141.94. The stock has a market cap of $120.42 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. 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. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.52%. KKR & Co. Inc.’s payout ratio is currently 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.