KKR & Co. Inc. (NYSE:KKR) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in KKR & Co. Inc. (NYSE:KKR) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,537 shares of the asset manager’s stock after selling 3,279 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in KKR & Co. Inc. were worth $21,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KKR. Teacher Retirement System of Texas boosted its stake in shares of KKR & Co. Inc. by 781.0% during the fourth quarter. Teacher Retirement System of Texas now owns 36,642 shares of the asset manager’s stock worth $5,420,000 after buying an additional 32,483 shares during the period. Royal London Asset Management Ltd. lifted its position in KKR & Co. Inc. by 6.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 287,224 shares of the asset manager’s stock worth $42,483,000 after acquiring an additional 16,684 shares during the period. Harvest Fund Management Co. Ltd grew its stake in shares of KKR & Co. Inc. by 38.5% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 16,180 shares of the asset manager’s stock valued at $2,395,000 after purchasing an additional 4,501 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $71,000. Finally, Xponance Inc. increased its holdings in shares of KKR & Co. Inc. by 3.7% in the fourth quarter. Xponance Inc. now owns 111,394 shares of the asset manager’s stock valued at $16,476,000 after purchasing an additional 4,022 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Barclays lowered their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley cut their price target on shares of 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. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $150.00 to $141.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.79.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.1 %

NYSE:KKR opened at $116.71 on Friday. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $139.55 and a 200-day simple moving average of $141.36. The company has a market capitalization of $103.66 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

KKR & Co. Inc. Company 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.