KKR & Co. Inc. $KKR Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,145,391 shares of the asset manager’s stock after acquiring an additional 62,566 shares during the period. California Public Employees Retirement System owned approximately 0.13% of KKR & Co. Inc. worth $152,371,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Interstate Bank acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at $3,115,000. Aberdeen Group plc increased its holdings in shares of KKR & Co. Inc. by 4.1% during the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager’s stock worth $36,885,000 after buying an additional 10,960 shares during the last quarter. Ground Swell Capital LLC purchased a new position in shares of KKR & Co. Inc. in the 1st quarter worth $463,000. FORA Capital LLC purchased a new position in shares of KKR & Co. Inc. in the 1st quarter worth $248,000. Finally, Highland Capital Management LLC boosted its holdings in KKR & Co. Inc. by 41.9% in the second quarter. Highland Capital Management LLC now owns 16,340 shares of the asset manager’s stock valued at $2,174,000 after acquiring an additional 4,823 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup dropped their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. TD Cowen decreased their target price on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Finally, Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $156.31.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $129.44 on Monday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The business has a 50-day moving average of $121.70 and a 200-day moving average of $131.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $115.38 billion, a price-to-earnings ratio of 54.85, a PEG ratio of 1.39 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same period last year, the business posted $1.38 EPS. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were paid a dividend of $0.185 per share. The ex-dividend date was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

About KKR & Co. Inc.

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.