Arizona State Retirement System Has $26.52 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Arizona State Retirement System grew its stake in KKR & Co. Inc. (NYSE:KKR) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 179,300 shares of the asset manager’s stock after buying an additional 1,193 shares during the period. Arizona State Retirement System’s holdings in KKR & Co. Inc. were worth $26,520,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $30,000. Bank of New Hampshire acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $45,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $40,000. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 2.0 %

KKR & Co. Inc. stock opened at $123.15 on Thursday. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $109.38 billion, a P/E ratio of 36.98, a PEG ratio of 1.00 and a beta of 1.72. The stock has a 50-day simple moving average of $147.36 and a 200 day simple moving average of $142.07.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Wall Street Analyst Weigh In

Several analysts have issued reports on KKR shares. Keefe, Bruyette & Woods dropped their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. 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. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.43.

About KKR & Co. Inc.

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.