New York State Teachers Retirement System Lowers Stock Position in KKR & Co. Inc. (NYSE:KKR)

New York State Teachers Retirement System cut its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 477,706 shares of the asset manager's stock after selling 3,248 shares during the quarter. New York State Teachers Retirement System owned about 0.05% of KKR & Co. Inc. worth $55,228,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KKR. Amalgamated Bank boosted its position in KKR & Co. Inc. by 1.8% in the first quarter. Amalgamated Bank now owns 134,359 shares of the asset manager's stock valued at $15,533,000 after buying an additional 2,391 shares during the last quarter. Naviter Wealth LLC increased its stake in shares of KKR & Co. Inc. by 10.4% in the first quarter. Naviter Wealth LLC now owns 2,808 shares of the asset manager's stock worth $323,000 after acquiring an additional 265 shares during the period. CFM Wealth Partners LLC raised its holdings in shares of KKR & Co. Inc. by 7.2% during the first quarter. CFM Wealth Partners LLC now owns 28,215 shares of the asset manager's stock worth $3,262,000 after purchasing an additional 1,886 shares during the last quarter. Uniting Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the first quarter valued at $960,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in KKR & Co. Inc. by 0.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,395,198 shares of the asset manager's stock valued at $161,299,000 after purchasing an additional 5,307 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Barclays boosted their price objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their target price for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $149.47.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the transaction, the insider owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the transaction, the chairman directly owned 73,006,022 shares of the company's stock, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 in the last quarter. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 1.6%

KKR stock traded up $2.13 during midday trading on Wednesday, hitting $134.58. 2,197,645 shares of the company's stock were exchanged, compared to its average volume of 4,212,226. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The business has a 50-day simple moving average of $121.55 and a two-hundred day simple moving average of $129.03. The stock has a market capitalization of $119.86 billion, a PE ratio of 56.79, a P/E/G ratio of 1.47 and a beta of 1.88. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

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 for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm's quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

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.