Public Employees Retirement System of Ohio Sells 14,168 Shares of KKR & Co. Inc. (NYSE:KKR)

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

Several other large investors also recently bought and sold shares of KKR. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $1,435,314,000. Nuveen Asset Management LLC lifted its holdings in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after purchasing an additional 3,391,581 shares in the last quarter. GQG Partners LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $325,752,000. Proficio Capital Partners LLC lifted its stake in KKR & Co. Inc. by 4,981.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock valued at $232,669,000 after buying an additional 1,542,092 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $218,918,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.7%

NYSE KKR traded up $0.81 during trading on Thursday, reaching $121.85. 1,299,428 shares of the company's stock were exchanged, compared to its average volume of 5,004,923. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company's fifty day simple moving average is $113.12 and its 200-day simple moving average is $134.40. The firm has a market capitalization of $108.52 billion, a PE ratio of 36.55, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The business 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 14.31% and a return on equity of 6.20%. The firm's quarterly revenue was down 67.8% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on KKR. Bank of America lowered their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Citigroup decreased their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company boosted their price target on 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 raised their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, JMP Securities reduced their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Buy" and a consensus price target of $149.43.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75% decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

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.