Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $22.08 Million Position in KKR & Co. Inc. $KKR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 7.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 166,011 shares of the asset manager’s stock after acquiring an additional 11,635 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in KKR & Co. Inc. were worth $22,084,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empower Advisory Group LLC boosted its position in KKR & Co. Inc. by 52.1% during the 2nd quarter. Empower Advisory Group LLC now owns 456,013 shares of the asset manager’s stock worth $60,663,000 after acquiring an additional 156,181 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in shares of KKR & Co. Inc. by 3.7% in the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $317,000 after purchasing an additional 84 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of KKR & Co. Inc. by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after purchasing an additional 765,457 shares in the last quarter. Islay Capital Management LLC boosted its holdings in KKR & Co. Inc. by 4.1% during the second quarter. Islay Capital Management LLC now owns 6,786 shares of the asset manager’s stock worth $903,000 after purchasing an additional 268 shares during the last quarter. Finally, Clearstead Trust LLC bought a new position in KKR & Co. Inc. in the second quarter valued at $28,000. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KKR shares. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. TD Cowen dropped their target price on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Citigroup decreased their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Finally, BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.79.

KKR & Co. Inc. Stock Down 0.7%

KKR & Co. Inc. stock opened at $119.96 on Friday. The company’s 50-day moving average price is $128.26 and its two-hundred day moving average price is $131.17. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a market cap of $106.93 billion, a P/E ratio of 55.80, a P/E/G ratio of 1.33 and a beta of 1.92. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the prior year, the business earned $1.38 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

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.