California Public Employees Retirement System Raises Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

California Public Employees Retirement System increased its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,202,841 shares of the asset manager's stock after acquiring an additional 9,266 shares during the quarter. California Public Employees Retirement System owned about 0.14% of KKR & Co. Inc. worth $99,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KKR. Wellington Management Group LLP increased its stake in shares of KKR & Co. Inc. by 297.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager's stock worth $312,469,000 after acquiring an additional 3,794,837 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of KKR & Co. Inc. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager's stock worth $2,460,381,000 after acquiring an additional 475,118 shares in the last quarter. Jennison Associates LLC increased its stake in shares of KKR & Co. Inc. by 215.5% in the 4th quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager's stock worth $28,242,000 after acquiring an additional 232,821 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $14,838,000. Finally, Factory Mutual Insurance Co. bought a new stake in KKR & Co. Inc. during the 4th quarter valued at about $14,084,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $1.20 on Wednesday, reaching $96.77. The company's stock had a trading volume of 3,629,015 shares, compared to its average volume of 3,454,621. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $85.64 billion, a P/E ratio of 23.65, a PEG ratio of 0.87 and a beta of 1.61. The stock's 50 day simple moving average is $97.59 and its two-hundred day simple moving average is $82.71. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. Research analysts forecast that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.'s payout ratio is currently 16.18%.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares of the company's stock, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a "market outperform" rating in a research note on Tuesday, April 9th. Finally, Barclays raised their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $90.64.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.