KKR & Co. Inc. $KKR Shares Bought by Employees Retirement System of Texas

Employees Retirement System of Texas grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 54.9% in the third quarter, Holdings Channel reports. The institutional investor owned 540,300 shares of the asset manager’s stock after buying an additional 191,600 shares during the period. Employees Retirement System of Texas’ holdings in KKR & Co. Inc. were worth $70,212,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in KKR & Co. Inc. during the second quarter worth about $1,530,419,000. Strive Asset Management LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter valued at approximately $535,907,000. Close Asset Management Ltd boosted its holdings in KKR & Co. Inc. by 4,155.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock valued at $196,845,000 after purchasing an additional 1,479,688 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in KKR & Co. Inc. by 454.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock worth $183,760,000 after purchasing an additional 1,132,046 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of KKR & Co. Inc. by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after buying an additional 1,099,263 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KKR. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday, January 28th. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. UBS Group reduced their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 20th. Barclays decreased their target price on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Finally, Oppenheimer lowered their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.80.

Insider Transactions at KKR & Co. Inc.

In other news, Director Matt Cohler purchased 43,872 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the purchase, the director directly owned 45,477 shares of the company’s stock, valued at $4,679,583.30. This represents a 2,733.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott C. Nuttall acquired 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the transaction, the chief executive officer directly owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. This represents a 0.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 393,872 shares of company stock worth $40,090,679. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $83.90 on Friday. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The company has a market capitalization of $74.80 billion, a P/E ratio of 35.85, a PEG ratio of 0.63 and a beta of 2.01. The business has a 50 day moving average price of $109.96 and a 200 day moving average price of $122.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.185 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.9%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

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.