Oregon Public Employees Retirement Fund Raises Stock Holdings in KKR & Co. Inc. $KKR

Oregon Public Employees Retirement Fund raised its stake in KKR & Co. Inc. (NYSE:KKR) by 34.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,434 shares of the asset manager’s stock after buying an additional 20,024 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in KKR & Co. Inc. were worth $10,192,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after acquiring an additional 1,099,263 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in KKR & Co. Inc. by 4.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock valued at $2,640,275,000 after purchasing an additional 765,457 shares during the last quarter. Norges Bank acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at approximately $1,530,419,000. Lone Pine Capital LLC raised its position in KKR & Co. Inc. by 9.6% in the second quarter. Lone Pine Capital LLC now owns 5,221,769 shares of the asset manager’s stock valued at $694,652,000 after purchasing an additional 457,998 shares during the period. Finally, Legal & General Group Plc lifted its stake in KKR & Co. Inc. by 6.7% during the second quarter. Legal & General Group Plc now owns 4,576,310 shares of the asset manager’s stock worth $608,787,000 after purchasing an additional 288,006 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets began coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 price target for the company. Morgan Stanley decreased their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Barclays cut their price target on shares of KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, UBS Group started coverage on shares of KKR & Co. Inc. in a research report on Thursday, December 11th. They set a “buy” rating and a $176.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $158.07.

KKR & Co. Inc. Trading Up 0.8%

NYSE:KKR opened at $134.77 on Friday. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The firm has a market cap of $120.13 billion, a PE ratio of 57.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.99. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average price of $126.51 and a 200 day moving average price of $133.03.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the company earned $1.38 EPS. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s payout ratio is 31.36%.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.