Teachers Retirement System of The State of Kentucky Sells 10,414 Shares of KKR & Co. Inc. $KKR

Teachers Retirement System of The State of Kentucky decreased its position in KKR & Co. Inc. (NYSE:KKR) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,055 shares of the asset manager’s stock after selling 10,414 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in KKR & Co. Inc. were worth $10,088,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Asset Dedication LLC bought a new position in shares of KKR & Co. Inc. during the third quarter worth about $26,000. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. SouthState Bank Corp boosted its position in KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after acquiring an additional 148 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $29,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 0.1%

Shares of KKR stock opened at $97.08 on Tuesday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The stock has a market cap of $87.17 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 0.82 and a beta of 1.79. The firm’s 50-day moving average is $95.54 and its 200-day moving average is $102.18. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. Sell-side analysts predict that KKR & Co. Inc. will post 5.55 EPS for the current year.

KKR & Co. Inc. declared that its board has authorized a share repurchase program on Tuesday, May 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.195 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is 26.53%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KKR shares. The Goldman Sachs Group decreased their price target on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Royal Bank Of Canada reduced their target price on shares of KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Monday. TD Cowen decreased their target price on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Barclays lifted their price target on shares of KKR & Co. Inc. from $122.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Oppenheimer reduced their price objective on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $130.58.

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.