Teachers Retirement System of The State of Kentucky Takes $14 Million Position in KKR & Co. Inc. (NYSE:KKR)

Teachers Retirement System of The State of Kentucky acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 94,643 shares of the asset manager's stock, valued at approximately $13,998,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AdvisorNet Financial Inc raised its holdings in shares of KKR & Co. Inc. by 417.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager's stock worth $322,000 after acquiring an additional 1,759 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in KKR & Co. Inc. by 44.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after purchasing an additional 2,749 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in KKR & Co. Inc. in the 4th quarter valued at about $667,000. Caldwell Investment Management Ltd. lifted its holdings in KKR & Co. Inc. by 2.9% in the 4th quarter. Caldwell Investment Management Ltd. now owns 212,400 shares of the asset manager's stock valued at $31,477,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of KKR & Co. Inc. by 50.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after purchasing an additional 38,524 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 5.2 %

Shares of KKR opened at $98.00 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a 50-day moving average price of $116.82 and a 200 day moving average price of $138.35. The company has a market capitalization of $87.05 billion, a P/E ratio of 29.43, a P/E/G ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.71%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.02%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several recent analyst reports. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their price target on 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. Morgan Stanley lowered their price objective on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Finally, Barclays lowered their price target on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $144.93.

Insider Activity 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 that occurred on 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 sale, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 39.34% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.