New York State Teachers Retirement System Sells 1,321 Shares of KKR & Co. Inc. (NYSE:KKR)

New York State Teachers Retirement System lowered its position in KKR & Co. Inc. (NYSE:KKR) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 480,954 shares of the asset manager’s stock after selling 1,321 shares during the period. New York State Teachers Retirement System’s holdings in KKR & Co. Inc. were worth $71,138,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KKR. Asset Planning Inc bought a new position in KKR & Co. Inc. during the 4th quarter worth about $99,000. Vicus Capital bought a new position in KKR & Co. Inc. during the 4th quarter worth about $269,000. V Square Quantitative Management LLC increased its holdings in KKR & Co. Inc. by 100.4% during the 4th quarter. V Square Quantitative Management LLC now owns 6,261 shares of the asset manager’s stock worth $926,000 after purchasing an additional 3,137 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in KKR & Co. Inc. by 14.4% during the 4th quarter. Vontobel Holding Ltd. now owns 17,752 shares of the asset manager’s stock worth $2,626,000 after purchasing an additional 2,229 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in KKR & Co. Inc. by 1.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 249,659 shares of the asset manager’s stock worth $37,414,000 after purchasing an additional 3,421 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of a number of research reports. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Morgan Stanley decreased their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Barclays decreased their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Trading Down 0.1 %

Shares of KKR stock opened at $139.40 on Friday. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The firm has a 50 day moving average price of $152.94 and a two-hundred day moving average price of $140.14. The company has a market capitalization of $123.82 billion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

KKR & Co. Inc. Profile

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.