KKR & Co. Inc. $KKR Position Boosted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 4.3% during the third quarter, Holdings Channel reports. The firm owned 220,407 shares of the asset manager’s stock after purchasing an additional 9,083 shares during the period. State of New Jersey Common Pension Fund D’s holdings in KKR & Co. Inc. were worth $28,642,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KKR. PNC Financial Services Group Inc. lifted its position in shares of KKR & Co. Inc. by 2.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 222,038 shares of the asset manager’s stock valued at $28,854,000 after acquiring an additional 6,021 shares during the last quarter. Glaxis Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $390,000. CENTRAL TRUST Co lifted its holdings in shares of KKR & Co. Inc. by 572.9% during the third quarter. CENTRAL TRUST Co now owns 8,108 shares of the asset manager’s stock valued at $1,054,000 after purchasing an additional 6,903 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of KKR & Co. Inc. by 6.2% during the third quarter. Public Sector Pension Investment Board now owns 147,947 shares of the asset manager’s stock valued at $19,226,000 after purchasing an additional 8,641 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of KKR & Co. Inc. by 6.2% in the 3rd quarter. Wedbush Securities Inc. now owns 21,079 shares of the asset manager’s stock valued at $2,739,000 after purchasing an additional 1,236 shares during the period. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 50,000 shares of the stock in a transaction on Monday, February 9th. The shares were purchased at an average cost of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the transaction, the director directly owned 235,000 shares of the company’s stock, valued at $24,658,550. This represents a 27.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.5%

NYSE KKR opened at $101.64 on Monday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $153.87. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $90.60 billion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 0.79 and a beta of 1.99. The firm’s fifty day simple moving average is $124.51 and its 200-day simple moving average is $128.60.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The business’s revenue for the quarter was up 76.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio is 31.62%.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. Oppenheimer reduced their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Barclays reduced their price target on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. UBS Group cut their target price on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Finally, Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $156.57.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.