Public Sector Pension Investment Board Has $19.23 Million Stock Position in KKR & Co. Inc. $KKR

Public Sector Pension Investment Board raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 147,947 shares of the asset manager’s stock after acquiring an additional 8,641 shares during the quarter. Public Sector Pension Investment Board’s holdings in KKR & Co. Inc. were worth $19,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ESL Trust Services LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at $26,000. Clearstead Trust LLC acquired a new stake in KKR & Co. Inc. in the second quarter worth $28,000. Richardson Financial Services Inc. increased its stake in KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Pineridge Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the second quarter valued at about $31,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of KKR & Co. Inc. during the third quarter valued at about $33,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on KKR shares. UBS Group reduced their target price on 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. Oppenheimer reduced their price objective on 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. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Wednesday, January 28th. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their target price for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. Finally, Barclays decreased 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 note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $156.57.

KKR & Co. Inc. Stock Up 0.5%

KKR stock opened at $101.64 on Friday. The firm has a market capitalization of $90.60 billion, a PE ratio of 43.44, a P/E/G ratio of 0.79 and a beta of 1.99. 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. has a twelve month low of $86.15 and a twelve month high of $153.87. The stock’s 50 day moving average is $124.51 and its 200-day moving average is $128.91.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly 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). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. Sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Insiders Place Their Bets

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

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.