State of Alaska Department of Revenue Has $10.14 Million Holdings in KKR & Co. Inc. $KKR

Key Points

• The State of Alaska Department of Revenue has reduced its holdings in KKR & Co. Inc. by 3.6%, bringing its ownership to 76,225 shares valued at approximately $10.14 million.
• A significant number of large investors have increased their stakes in KKR, with Jennison Associates LLC boosting its holdings by 4,918.6% to $507.97 million.
• Recent analysts' reports have mixed ratings for KKR's stock, with twelve giving it a Buy rating and an adjusted average target price of $158.07.

State of Alaska Department of Revenue lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,225 shares of the asset manager's stock after selling 2,880 shares during the period. State of Alaska Department of Revenue's holdings in KKR & Co. Inc. were worth $10,140,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Nuveen LLC bought a new stake in KKR & Co. Inc. in the first quarter valued at $844,137,000. Jennison Associates LLC boosted its holdings in KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after purchasing an additional 4,306,290 shares during the last quarter. Amundi raised its position in KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager's stock worth $528,989,000 after acquiring an additional 2,439,505 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of KKR & Co. Inc. by 14.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after purchasing an additional 2,391,434 shares during the period. Finally, Unisphere Establishment raised its position in shares of KKR & Co. Inc. by 1,594.5% in the first quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager's stock valued at $145,946,000 after purchasing an additional 1,187,900 shares during the period. Institutional investors own 76.26% of the company's stock.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective for the company. in a research note on Wednesday, July 9th. Piper Sandler initiated coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target on the stock. Citigroup boosted their price objective on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Keefe, Bruyette & Woods increased their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Barclays raised their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Trading Down 1.3%

NYSE:KKR opened at $133.84 on Friday. 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 $142.89 and a 200 day simple moving average of $127.90. The firm has a market capitalization of $119.24 billion, a P/E ratio of 62.25, a P/E/G ratio of 1.47 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm posted $1.09 EPS. Equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 34.42%.

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.

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