California Public Employees Retirement System Sells 7,467 Shares of KKR & Co. Inc. (NYSE:KKR)

California Public Employees Retirement System lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,684,299 shares of the asset manager’s stock after selling 7,467 shares during the period. California Public Employees Retirement System owned about 0.19% of KKR & Co. Inc. worth $249,125,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kingsview Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $255,000. Townsquare Capital LLC lifted its stake in KKR & Co. Inc. by 36.1% in the third quarter. Townsquare Capital LLC now owns 13,913 shares of the asset manager’s stock valued at $1,817,000 after acquiring an additional 3,693 shares during the last quarter. Northwest & Ethical Investments L.P. grew its position in shares of KKR & Co. Inc. by 80.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 3,880 shares of the asset manager’s stock valued at $507,000 after acquiring an additional 1,731 shares during the period. Icon Wealth Advisors LLC increased its stake in shares of KKR & Co. Inc. by 32.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,240 shares of the asset manager’s stock worth $162,000 after purchasing an additional 306 shares during the last quarter. Finally, Point72 Europe London LLP raised its holdings in shares of KKR & Co. Inc. by 77.8% in the 3rd quarter. Point72 Europe London LLP now owns 199,449 shares of the asset manager’s stock valued at $26,044,000 after purchasing an additional 87,300 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $114.90 on Friday. The stock has a market capitalization of $102.06 billion, a PE ratio of 34.51, a P/E/G ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The business has a fifty day moving average price of $136.07 and a two-hundred day moving average price of $141.52.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KKR shares. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $150.00 to $141.00 in a report on Thursday, March 20th. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $160.79.

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.