KKR & Co. Inc. (NYSE:KKR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 788,119 shares of the asset manager's stock after selling 17,475 shares during the period. New York State Common Retirement Fund owned about 0.09% of KKR & Co. Inc. worth $91,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after buying an additional 2,437 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of KKR & Co. Inc. by 1.0% in the fourth quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager's stock valued at $4,625,000 after acquiring an additional 316 shares during the period. HighTower Advisors LLC boosted its holdings in shares of KKR & Co. Inc. by 10.9% in the fourth quarter. HighTower Advisors LLC now owns 94,782 shares of the asset manager's stock valued at $14,019,000 after acquiring an additional 9,331 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of KKR & Co. Inc. by 23.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 23,626 shares of the asset manager's stock valued at $3,494,000 after acquiring an additional 4,447 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of KKR & Co. Inc. by 49.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,413 shares of the asset manager's stock worth $1,244,000 after purchasing an additional 2,778 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director directly owned 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 8,471,488 shares of company stock worth $501,529,092. Corporate insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent research reports. Barclays increased their price target on KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday. Evercore ISI raised their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, JMP Securities decreased their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $155.20.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $141.13 on Monday. The stock's 50 day moving average price is $125.56 and its 200 day moving average price is $128.26. The firm has a market capitalization of $125.70 billion, a PE ratio of 59.55, a price-to-earnings-growth ratio of 1.59 and a beta of 1.88. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $0.97 EPS. KKR & Co. Inc.'s revenue for the quarter was down 67.8% compared to the same quarter last year. As a group, sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

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.

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