KKR & Co. Inc. $KKR Stock Position Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 734,619 shares of the asset manager’s stock after selling 46,500 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of KKR & Co. Inc. worth $95,464,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of KKR. Southeast Asset Advisors LLC boosted its position in shares of KKR & Co. Inc. by 0.3% in the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after buying an additional 68 shares during the period. Moors & Cabot Inc. raised its position in KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after buying an additional 75 shares during the period. Berbice Capital Management LLC lifted its stake in KKR & Co. Inc. by 3.5% in the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock worth $293,000 after acquiring an additional 75 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in KKR & Co. Inc. by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $317,000 after acquiring an additional 84 shares during the period. Finally, Cornerstone Advisory LLC boosted its position in KKR & Co. Inc. by 3.0% during the 2nd quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock worth $412,000 after acquiring an additional 89 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on KKR shares. Weiss Ratings downgraded shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 21st. UBS Group reduced their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Citigroup cut their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Oppenheimer reduced their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $156.57.

KKR & Co. Inc. Trading Down 1.6%

Shares of KKR opened at $114.93 on Friday. The stock’s 50-day moving average price is $128.27 and its 200 day moving average price is $131.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $102.44 billion, a price-to-earnings ratio of 48.70, a P/E/G ratio of 1.01 and a beta of 1.99. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the previous year, the firm posted $1.38 earnings per share. As a group, research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a $0.185 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is presently 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.