New York State Common Retirement Fund Has $119.16 Million Position in KKR & Co. Inc. (NYSE:KKR)

New York State Common Retirement Fund increased its position in KKR & Co. Inc. (NYSE:KKR) by 1.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 805,594 shares of the asset manager’s stock after acquiring an additional 8,800 shares during the period. New York State Common Retirement Fund’s holdings in KKR & Co. Inc. were worth $119,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. grew its holdings 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 valued at $31,000 after purchasing an additional 85 shares during the last quarter. Eastern Bank acquired a new position in KKR & Co. Inc. during the third quarter valued at approximately $34,000. Finally, Truvestments Capital LLC acquired a new position in KKR & Co. Inc. during the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KKR. Keefe, Bruyette & Woods lowered their price target 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. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Barclays lowered their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Up 0.2 %

Shares of KKR stock opened at $140.81 on Wednesday. The stock has a market cap of $125.07 billion, a P/E ratio of 42.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.67. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The stock has a fifty day moving average price of $152.01 and a 200 day moving average price of $140.70. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

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

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.