New York State Common Retirement Fund Decreases Holdings in KKR & Co. Inc. (NYSE:KKR)

New York State Common Retirement Fund decreased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 462,853 shares of the asset manager's stock after selling 28,543 shares during the quarter. New York State Common Retirement Fund owned about 0.05% of KKR & Co. Inc. worth $38,347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KKR. E&G Advisors LP boosted its holdings in KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager's stock valued at $723,000 after acquiring an additional 126 shares during the period. Nordea Investment Management AB boosted its holdings in KKR & Co. Inc. by 0.3% during the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager's stock valued at $3,241,000 after acquiring an additional 133 shares during the period. AE Wealth Management LLC boosted its holdings in KKR & Co. Inc. by 1.2% during the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager's stock valued at $878,000 after acquiring an additional 168 shares during the period. Xponance Inc. boosted its holdings in KKR & Co. Inc. by 0.4% during the 4th quarter. Xponance Inc. now owns 40,823 shares of the asset manager's stock valued at $3,382,000 after acquiring an additional 170 shares during the period. Finally, Cigna Investments Inc. New boosted its holdings in KKR & Co. Inc. by 2.8% during the 4th quarter. Cigna Investments Inc. New now owns 7,006 shares of the asset manager's stock valued at $580,000 after acquiring an additional 192 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the stock in a transaction on Tuesday, March 26th. The shares were 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 Analyst Weigh In

A number of equities analysts recently issued reports on KKR shares. Morgan Stanley boosted their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an "equal weight" rating in a report on Wednesday, January 24th. StockNews.com cut KKR & Co. Inc. from a "hold" rating to a "sell" rating in a report on Wednesday. Barclays upped their target price on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. Finally, JMP Securities upped their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a "market outperform" rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $90.64.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $1.88 during mid-day trading on Thursday, reaching $94.89. The company had a trading volume of 4,944,963 shares, compared to its average volume of 3,473,247. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $83.98 billion, a P/E ratio of 23.72, a PEG ratio of 0.90 and a beta of 1.61. The stock has a 50 day moving average of $97.61 and a two-hundred day moving average of $82.81.

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

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.165 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.70%. KKR & Co. Inc.'s payout ratio is 16.18%.

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.