Maestria Partners LLC Acquires New Holdings in KKR & Co. Inc. (NYSE:KKR)

Maestria Partners LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 136,000 shares of the asset manager’s stock, valued at approximately $20,116,000. KKR & Co. Inc. accounts for 8.0% of Maestria Partners LLC’s investment portfolio, making the stock its 4th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in shares of KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $218,918,000. Roberts Foundation acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $147,910,000. Amundi lifted its position in shares of KKR & Co. Inc. by 51.8% in the fourth quarter. Amundi now owns 2,136,126 shares of the asset manager’s stock worth $316,659,000 after purchasing an additional 728,515 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in KKR & Co. Inc. by 92.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock worth $156,199,000 after buying an additional 503,365 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KKR. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $116.68 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $103.64 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The business has a 50-day simple moving average of $140.18 and a two-hundred day simple moving average of $141.53. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.60%. KKR & Co. Inc.’s payout ratio is presently 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.