Louisiana State Employees Retirement System Acquires New Holdings in KKR & Co. Inc. (NYSE:KKR)

Louisiana State Employees Retirement System acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,700 shares of the asset manager’s stock, valued at approximately $3,968,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in shares of KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 218 shares during the last quarter. Mather Group LLC. lifted its position in KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after buying an additional 208 shares in the last quarter. Riverview Trust Co bought a new position in shares of KKR & Co. Inc. in the 1st quarter valued at about $27,000. American National Bank raised its holdings in KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after acquiring an additional 235 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of KKR & Co. Inc. by 65.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 452 shares of the asset manager’s stock valued at $48,000 after buying an additional 179 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now owns 9,688,618 shares in the company, valued at $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR traded up $2.66 on Friday, reaching $121.39. The stock had a trading volume of 732,536 shares, compared to its average volume of 4,783,402. The firm has a 50-day moving average of $112.52 and a 200-day moving average of $103.81. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79. The company has a market capitalization of $107.72 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Monday, August 12th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Monday, August 12th. KKR & Co. Inc.’s payout ratio is presently 15.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JMP Securities boosted their price target on KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. Citigroup increased their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group reduced their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $122.77.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.