KKR & Co. Inc. (NYSE:KKR) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 143,537 shares of the asset manager's stock after selling 3,279 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in KKR & Co. Inc. were worth $21,231,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KKR. State Street Corp boosted its position in shares of KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager's stock worth $3,486,977,000 after buying an additional 481,686 shares during the period. Wellington Management Group LLP lifted its stake in KKR & Co. Inc. by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager's stock worth $3,059,859,000 after acquiring an additional 60,147 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in KKR & Co. Inc. by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager's stock valued at $2,194,840,000 after acquiring an additional 124,257 shares during the period. Geode Capital Management LLC grew its position in KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager's stock valued at $1,768,788,000 after acquiring an additional 355,837 shares in the last quarter. Finally, FMR LLC grew its position in KKR & Co. Inc. by 1.5% in the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager's stock valued at $1,469,199,000 after acquiring an additional 165,631 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KKR. Keefe, Bruyette & Woods reduced their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Barclays reduced their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and decreased their target price for the company from $150.00 to $141.00 in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average target price of $160.79.

KKR & Co. Inc. Stock Up 0.2 %

Shares of NYSE KKR traded up $0.30 during midday trading on Tuesday, hitting $122.27. 3,955,044 shares of the company's stock were exchanged, compared to its average volume of 4,385,216. The firm's fifty day simple moving average is $138.68 and its 200-day simple moving average is $141.66. The company has a market cap of $108.61 billion, a PE ratio of 36.72, a P/E/G ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. KKR & Co. Inc.'s payout ratio is currently 21.02%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Profile

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.