Arizona State Retirement System Purchases 3,169 Shares of KKR & Co. Inc. (NYSE:KKR)

Arizona State Retirement System lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 182,469 shares of the asset manager's stock after acquiring an additional 3,169 shares during the period. Arizona State Retirement System's holdings in KKR & Co. Inc. were worth $21,095,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Mascagni Wealth Management Inc. bought a new position in KKR & Co. Inc. during the 4th quarter valued at $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in KKR & Co. Inc. during the 4th quarter valued at $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $36,000. Finally, Ameriflex Group Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $46,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 4.3%

Shares of NYSE KKR traded up $5.96 during midday trading on Wednesday, reaching $143.17. 4,863,492 shares of the stock were exchanged, compared to its average volume of 4,236,828. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The business has a 50-day simple moving average of $126.52 and a two-hundred day simple moving average of $128.25. The company has a market capitalization of $127.51 billion, a price-to-earnings ratio of 60.41, a P/E/G ratio of 1.55 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The firm's quarterly revenue was down 67.8% on a year-over-year basis. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.185 dividend. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.22%.

Analyst Ratings Changes

A number of research firms have weighed in on KKR. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday. JMP Securities reiterated a "market perform" rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a research report on Monday. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Evercore ISI increased their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Citigroup downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average target price of $154.33.

Insider Activity at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the sale, the chairman directly owned 73,006,022 shares in the company, valued at $8,746,121,435.60. This represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Timothy R. Barakett bought 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the transaction, the director directly owned 185,000 shares in the company, valued at approximately $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 in the last quarter. 39.34% of the stock is currently owned by company insiders.

About KKR & Co. Inc.

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.