Teacher Retirement System of Texas lifted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 781.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,642 shares of the asset manager's stock after buying an additional 32,483 shares during the period. Teacher Retirement System of Texas' holdings in KKR & Co. Inc. were worth $5,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the company. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $30,000. Cassady Schiller Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $36,000. HM Payson & Co. grew its holdings in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after buying an additional 272 shares in the last quarter. Finally, Bank of New Hampshire purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $45,000. 76.26% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently weighed in on KKR shares. Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Wells Fargo & Company upgraded shares of 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, March 20th. Barclays dropped their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average target price of $160.79.
Read Our Latest Report on KKR
KKR & Co. Inc. Price Performance
Shares of KKR & Co. Inc. stock traded down $1.83 on Thursday, reaching $117.61. The company's stock had a trading volume of 4,323,382 shares, compared to its average volume of 4,395,710. 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 stock has a 50-day moving average price of $137.64 and a 200-day moving average price of $141.55. The company has a market capitalization of $104.46 billion, a P/E ratio of 35.32, a PEG ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.
KKR & Co. Inc. Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is 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 company's stock in a transaction on 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 sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 39.34% of the company's stock.
KKR & Co. Inc. Company Profile
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Free Report)
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.
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