Maryland State Retirement & Pension System Sells 2,611 Shares of KKR & Co. Inc. (NYSE:KKR)

Maryland State Retirement & Pension System lowered its position in KKR & Co. Inc. (NYSE:KKR) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,227 shares of the asset manager’s stock after selling 2,611 shares during the period. Maryland State Retirement & Pension System’s holdings in KKR & Co. Inc. were worth $5,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hanson & Doremus Investment Management acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $30,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $36,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter worth about $40,000. Finally, HM Payson & Co. boosted its stake in shares of 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 acquiring an additional 272 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price objective for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, Morgan Stanley decreased 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Trading Up 2.3 %

KKR & Co. Inc. stock opened at $116.68 on Thursday. The business has a 50 day moving average price of $140.18 and a two-hundred day moving average price of $141.53. 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. has a 12 month low of $91.92 and a 12 month high of $170.40. The stock has a market cap of $103.64 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.60%. KKR & Co. Inc.’s payout ratio is 21.02%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares of the company’s stock, 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 this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

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.