MetLife Investment Management LLC Has $24.05 Million Holdings in KKR & Co. Inc. (NYSE:KKR)

MetLife Investment Management LLC decreased its stake in KKR & Co. Inc. (NYSE:KKR) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 184,184 shares of the asset manager’s stock after selling 2,477 shares during the period. MetLife Investment Management LLC’s holdings in KKR & Co. Inc. were worth $24,051,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $31,000. Versant Capital Management Inc increased its position in shares of KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares in the last quarter. Eastern Bank bought a new position in KKR & Co. Inc. during the 3rd quarter valued at about $34,000. Finally, Mather Group LLC. lifted its holdings in KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 208 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KKR shares. HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective on the stock. Evercore ISI lifted their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Oppenheimer lifted their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $154.14.

KKR & Co. Inc. Stock Down 0.7 %

KKR & Co. Inc. stock opened at $160.13 on Thursday. KKR & Co. Inc. has a fifty-two week low of $68.89 and a fifty-two week high of $162.73. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $142.23 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 1.26 and a beta of 1.61. The company’s 50 day simple moving average is $141.61 and its 200 day simple moving average is $122.59.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $0.73 earnings per share. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.