KKR & Co. Inc. $KKR Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,247 shares of the asset manager’s stock after acquiring an additional 183 shares during the period. Retirement Systems of Alabama’s holdings in KKR & Co. Inc. were worth $19,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KKR. Brighton Jones LLC lifted its stake in KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $218,000. DAVENPORT & Co LLC increased its holdings in shares of KKR & Co. Inc. by 1.1% during the 1st quarter. DAVENPORT & Co LLC now owns 11,371 shares of the asset manager’s stock valued at $1,315,000 after purchasing an additional 124 shares in the last quarter. Keybank National Association OH increased its holdings in shares of KKR & Co. Inc. by 2.9% during the 1st quarter. Keybank National Association OH now owns 11,387 shares of the asset manager’s stock valued at $1,316,000 after purchasing an additional 325 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of KKR & Co. Inc. by 31.4% during the 1st quarter. Private Trust Co. NA now owns 1,774 shares of the asset manager’s stock valued at $205,000 after purchasing an additional 424 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $118.36 on Friday. The firm has a market cap of $105.45 billion, a PE ratio of 55.05, a PEG ratio of 1.33 and a beta of 1.91. The firm has a fifty day moving average of $131.94 and a 200 day moving average of $130.08. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter in the previous year, the firm earned $1.09 EPS. As a group, research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KKR shares. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price for the company. in a report on Wednesday, July 9th. Morgan Stanley cut their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Barclays lifted their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.27.

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.