Teacher Retirement System of Texas Has $13.84 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Teacher Retirement System of Texas lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 226.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,748 shares of the asset manager's stock after acquiring an additional 83,106 shares during the period. Teacher Retirement System of Texas' holdings in KKR & Co. Inc. were worth $13,844,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in KKR & Co. Inc. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock valued at $8,384,650,000 after buying an additional 441,817 shares during the period. Geode Capital Management LLC increased its position in shares of KKR & Co. Inc. by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after acquiring an additional 458,048 shares in the last quarter. FMR LLC raised its stake in shares of KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after acquiring an additional 752,056 shares during the period. Norges Bank purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $1,435,314,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on KKR. Bank of America dropped their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Barclays increased their price objective 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. Wells Fargo & Company boosted their target price 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. JMP Securities lowered 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 report on Tuesday, April 8th. Finally, HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price target for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $149.47.

Insider Transactions at KKR & Co. Inc.

In other news, Director Robert W. Scully purchased 13,250 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director directly owned 13,250 shares of the company's stock, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Timothy R. Barakett bought 35,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the acquisition, the director directly owned 185,000 shares in the company, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $4.10 during trading on Friday, reaching $138.63. 2,650,555 shares of the company traded hands, compared to its average volume of 4,217,819. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a market cap of $123.46 billion, a price-to-earnings ratio of 58.49, a P/E/G ratio of 1.54 and a beta of 1.88. The stock's 50 day moving average price is $123.10 and its two-hundred day moving average price is $128.86. 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. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the company posted $0.97 EPS. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. 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.