Teachers Retirement System of The State of Kentucky Reduces Stock Position in KKR & Co. Inc. $KKR

Teachers Retirement System of The State of Kentucky lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,469 shares of the asset manager’s stock after selling 5,334 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in KKR & Co. Inc. were worth $15,230,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KKR. ESL Trust Services LLC bought a new stake in shares of KKR & Co. Inc. in the third quarter worth $26,000. Asset Dedication LLC bought a new position in KKR & Co. Inc. in the third quarter valued at about $26,000. GGM Financials LLC bought a new position in KKR & Co. Inc. in the third quarter valued at about $27,000. Richardson Financial Services Inc. boosted its position in KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $33,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group reduced their price target on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. The Goldman Sachs Group reduced their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Zacks Research downgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Insider Activity

In other news, CEO Scott C. Nuttall acquired 125,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, February 17th. The stock was purchased at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the purchase, the chief executive officer directly owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. This trade represents a 0.81% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Y. Bae acquired 125,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the transaction, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 393,872 shares of company stock worth $40,090,679 over the last ninety days. Company insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $101.87 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50-day simple moving average of $94.28 and a two-hundred day simple moving average of $112.71. The firm has a market capitalization of $90.82 billion, a PE ratio of 43.53, a P/E/G ratio of 0.89 and a beta of 1.93. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%.The firm had revenue of $5.74 billion for the quarter. Analysts forecast that KKR & Co. Inc. will post 5.45 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.185 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

KKR & Co. Inc. Profile

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.