KKR & Co. Inc. $KKR Shares Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 54.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 540,300 shares of the asset manager’s stock after acquiring an additional 191,600 shares during the quarter. Employees Retirement System of Texas owned about 0.06% of KKR & Co. Inc. worth $70,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KKR. BOKF NA boosted its holdings in KKR & Co. Inc. by 2.9% in the third quarter. BOKF NA now owns 21,666 shares of the asset manager’s stock valued at $2,815,000 after purchasing an additional 619 shares in the last quarter. Nemes Rush Group LLC raised its holdings in KKR & Co. Inc. by 12.3% during the third quarter. Nemes Rush Group LLC now owns 2,386 shares of the asset manager’s stock worth $310,000 after purchasing an additional 261 shares in the last quarter. DE Burlo Group Inc. lifted its position in shares of KKR & Co. Inc. by 7.0% during the 3rd quarter. DE Burlo Group Inc. now owns 152,700 shares of the asset manager’s stock worth $19,843,000 after buying an additional 10,000 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of KKR & Co. Inc. by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,992 shares of the asset manager’s stock worth $1,298,000 after buying an additional 166 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of KKR & Co. Inc. by 135.2% in the 3rd quarter. Van ECK Associates Corp now owns 99,416 shares of the asset manager’s stock valued at $12,919,000 after buying an additional 57,150 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Matt Cohler purchased 43,872 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the acquisition, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. This represents a 2,733.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph Y. Bae purchased 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the transaction, the chief executive officer directly owned 509,257 shares in the company, valued at $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 393,872 shares of company stock valued at $40,090,679 over the last ninety days. 23.20% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $83.90 on Friday. The firm’s fifty day simple moving average is $109.96 and its 200-day simple moving average is $122.38. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87. The stock has a market capitalization of $74.80 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 0.63 and a beta of 2.01. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a $0.185 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.9%. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank Of Canada began coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 target price on the stock. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Oppenheimer dropped their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. UBS Group cut their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their target price for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $151.80.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.