Public Employees Retirement System of Ohio Decreases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Public Employees Retirement System of Ohio lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,200 shares of the asset manager's stock after selling 14,168 shares during the quarter. Public Employees Retirement System of Ohio's holdings in KKR & Co. Inc. were worth $42,332,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vise Technologies Inc. increased its holdings in KKR & Co. Inc. by 141.6% in the 4th quarter. Vise Technologies Inc. now owns 7,813 shares of the asset manager's stock valued at $1,156,000 after purchasing an additional 4,579 shares during the last quarter. Connecticut Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth $347,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $136,000. Cornerstone Advisory LLC raised its holdings in shares of KKR & Co. Inc. by 4.8% in the 4th quarter. Cornerstone Advisory LLC now owns 3,148 shares of the asset manager's stock valued at $443,000 after buying an additional 143 shares during the period. Finally, Pinkerton Retirement Specialists LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $251,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KKR has been the subject of several research reports. JMP Securities dropped their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Barclays raised their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods increased their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Buy" and a consensus price target of $149.43.

Insider Activity

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 35,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the acquisition, the director now directly owns 185,000 shares of the company's stock, valued at approximately $21,815,200. The trade was a 23.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Stock Up 0.1%

Shares of NYSE:KKR traded up $0.13 during trading on Wednesday, hitting $121.05. 2,934,934 shares of the company were exchanged, compared to its average volume of 5,012,945. The firm's 50 day moving average price is $113.03 and its 200-day moving average price is $134.49. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $107.81 billion, a P/E ratio of 36.35, a PEG ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business's quarterly revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. On average, research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. 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.