KKR & Co. Inc. $KKR Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 11.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,187 shares of the asset manager’s stock after selling 12,773 shares during the quarter. Teacher Retirement System of Texas’ holdings in KKR & Co. Inc. were worth $12,500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust grew its stake in KKR & Co. Inc. by 11.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,420 shares of the asset manager’s stock valued at $185,000 after acquiring an additional 151 shares during the last quarter. Covenant Asset Management LLC lifted its holdings in shares of KKR & Co. Inc. by 1,424.8% in the third quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock valued at $3,876,000 after purchasing an additional 27,870 shares in the last quarter. Dilation Capital Management LP grew its position in shares of KKR & Co. Inc. by 12.3% in the third quarter. Dilation Capital Management LP now owns 91,378 shares of the asset manager’s stock valued at $11,875,000 after purchasing an additional 9,975 shares during the last quarter. CNB Bank increased its stake in shares of KKR & Co. Inc. by 8.1% during the 3rd quarter. CNB Bank now owns 3,470 shares of the asset manager’s stock worth $451,000 after purchasing an additional 261 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC raised its position in shares of KKR & Co. Inc. by 8.7% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 1,722 shares of the asset manager’s stock worth $224,000 after purchasing an additional 138 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $121.27 on Friday. The company has a market cap of $108.10 billion, a P/E ratio of 51.39, a P/E/G ratio of 1.05 and a beta of 1.99. The business has a fifty day simple moving average of $128.15 and a 200-day simple moving average of $132.62. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same period last year, the company earned $1.38 EPS. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a $0.185 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

Wall Street Analyst Weigh In

A number of brokerages have commented on KKR. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their target price for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective on the stock. Oppenheimer dropped their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Finally, UBS Group cut their target price on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.43.

KKR & Co. Inc. Profile

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.