Maryland State Retirement & Pension System Sells 2,611 Shares of KKR & Co. Inc. (NYSE:KKR)

Maryland State Retirement & Pension System decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,227 shares of the asset manager's stock after selling 2,611 shares during the period. Maryland State Retirement & Pension System's holdings in KKR & Co. Inc. were worth $5,358,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KKR. AMG National Trust Bank bought a new stake in shares of KKR & Co. Inc. during the third quarter valued at about $271,000. Pathstone Holdings LLC increased its stake in KKR & Co. Inc. by 12.4% during the 3rd quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager's stock valued at $8,112,000 after buying an additional 6,873 shares during the period. Caprock Group LLC raised its position in shares of KKR & Co. Inc. by 76.6% during the 3rd quarter. Caprock Group LLC now owns 6,112 shares of the asset manager's stock worth $798,000 after buying an additional 2,651 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of KKR & Co. Inc. by 5.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,542 shares of the asset manager's stock worth $985,000 after buying an additional 361 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $100,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KKR. Wells Fargo & Company raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $150.00 to $141.00 in a report on Thursday. Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods dropped 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. Finally, Barclays reduced their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $160.79.

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KKR & Co. Inc. Stock Up 4.8 %

Shares of KKR & Co. Inc. stock traded up $5.65 during midday trading on Monday, hitting $122.15. The company's stock had a trading volume of 5,275,719 shares, compared to its average volume of 4,386,216. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $108.50 billion, a P/E ratio of 36.68, a PEG ratio of 1.00 and a beta of 1.72. The stock has a 50-day simple moving average of $139.07 and a 200-day simple moving average of $141.64.

KKR & Co. Inc. Announces Dividend

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

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business'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 transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 39.34% of the company's stock.

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.