KKR & Co. Inc. (NYSE:KKR) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its position in KKR & Co. Inc. (NYSE:KKR) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 296,271 shares of the asset manager’s stock after purchasing an additional 1,860 shares during the quarter. Treasurer of the State of North Carolina’s holdings in KKR & Co. Inc. were worth $43,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $36,000. Finally, HM Payson & Co. lifted its holdings in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 17.2 %

Shares of NYSE:KKR opened at $110.78 on Thursday. The stock’s fifty day moving average price is $124.41 and its 200-day moving average price is $139.93. The company has a market cap of $98.40 billion, a P/E ratio of 33.27, a PEG ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays lowered their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. JMP Securities reduced their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company reduced their price objective on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday. Morgan Stanley decreased their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.80.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated 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 completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 39.34% of the stock is owned by corporate insiders.

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.