KKR & Co. Inc. $KKR Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,145,391 shares of the asset manager’s stock after acquiring an additional 62,566 shares during the quarter. California Public Employees Retirement System’s holdings in KKR & Co. Inc. were worth $152,371,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Southeast Asset Advisors LLC grew its stake in KKR & Co. Inc. by 0.3% during the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock valued at $2,983,000 after purchasing an additional 68 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in shares of KKR & Co. Inc. by 13.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock valued at $78,000 after purchasing an additional 72 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of KKR & Co. Inc. by 1.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after purchasing an additional 75 shares in the last quarter. Berbice Capital Management LLC boosted its stake in shares of KKR & Co. Inc. by 3.5% during the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after buying an additional 75 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its position in shares of KKR & Co. Inc. by 3.7% during the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $317,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 0.8%

KKR & Co. Inc. stock opened at $129.44 on Monday. The firm’s 50-day moving average is $121.70 and its 200-day moving average is $131.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market cap of $115.38 billion, a P/E ratio of 54.85, a PEG ratio of 1.39 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the prior year, the firm earned $1.38 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is 31.36%.

Analysts Set New Price Targets

Several research firms recently issued reports on KKR. Citigroup cut their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. TD Cowen dropped their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Barclays upped their target price on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Oppenheimer decreased their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Morgan Stanley lowered their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.31.

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.