California Public Employees Retirement System Sells 7,467 Shares of KKR & Co. Inc. (NYSE:KKR)

California Public Employees Retirement System lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 0.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,684,299 shares of the asset manager's stock after selling 7,467 shares during the period. California Public Employees Retirement System owned 0.19% of KKR & Co. Inc. worth $249,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the 4th quarter valued at about $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. HM Payson & Co. raised its holdings in KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the last quarter. Finally, Bank of New Hampshire purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $45,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE KKR traded up $3.15 on Wednesday, hitting $120.99. 4,048,098 shares of the company traded hands, compared to its average volume of 4,623,689. The business's 50 day moving average price is $134.37 and its 200-day moving average price is $141.62. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $107.47 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 1.00 and a beta of 1.72.

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KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research analyst reports. Barclays reduced their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods lowered their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average target price of $160.79.

About KKR & Co. Inc.

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.