New York State Common Retirement Fund Decreases Stock Position in KKR & Co. Inc. (NYSE:KKR)

New York State Common Retirement Fund trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 462,853 shares of the asset manager’s stock after selling 28,543 shares during the quarter. New York State Common Retirement Fund owned about 0.05% of KKR & Co. Inc. worth $38,347,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cookson Peirce & Co. Inc. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $9,636,000. Vanguard Group Inc. raised its position in KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after acquiring an additional 475,118 shares in the last quarter. Community Trust & Investment Co. purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $6,615,000. TIAA Trust National Association purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $8,530,000. Finally, abrdn plc raised its position in KKR & Co. Inc. by 83.9% during the fourth quarter. abrdn plc now owns 293,690 shares of the asset manager’s stock valued at $24,332,000 after acquiring an additional 134,003 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the transaction, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $96.77 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The business’s 50 day moving average price is $97.61 and its 200-day moving average price is $82.81. The firm has a market capitalization of $85.64 billion, a PE ratio of 23.72, a P/E/G ratio of 0.90 and a beta of 1.61. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. As a group, equities research analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. KKR & Co. Inc.’s payout ratio is 16.18%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KKR shares. JMP Securities lifted their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. TD Cowen lifted their price target on KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Finally, Barclays raised their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $90.64.

KKR & Co. Inc. 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.