KKR & Co. Inc. (NYSE:KKR) Position Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in shares of KKR & Co. Inc. (NYSE:KKR) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,954 shares of the asset manager’s stock after selling 1,321 shares during the period. New York State Teachers Retirement System owned about 0.05% of KKR & Co. Inc. worth $71,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KKR. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $30,000. Raleigh Capital Management Inc. grew its position in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares in the last quarter. Eastern Bank acquired a new stake in KKR & Co. Inc. during the third quarter valued at approximately $34,000. Finally, Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. during the third quarter valued at approximately $40,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Wells Fargo & Company cut their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $139.40 on Friday. The firm has a fifty day moving average of $152.94 and a two-hundred day moving average of $140.14. The stock has a market capitalization of $123.82 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 1.05 and a beta of 1.67. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. 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. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

KKR & Co. Inc. Company 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.