Arizona State Retirement System Has $26.52 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Arizona State Retirement System raised its position in KKR & Co. Inc. (NYSE:KKR) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,300 shares of the asset manager’s stock after acquiring an additional 1,193 shares during the period. Arizona State Retirement System’s holdings in KKR & Co. Inc. were worth $26,520,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its holdings in shares of KKR & Co. Inc. by 1.0% in the 4th quarter. Proficio Capital Partners LLC now owns 31,270 shares of the asset manager’s stock worth $4,625,000 after buying an additional 316 shares in the last quarter. Atria Investments Inc raised its holdings in shares of KKR & Co. Inc. by 11.3% in the 4th quarter. Atria Investments Inc now owns 50,453 shares of the asset manager’s stock worth $7,463,000 after buying an additional 5,124 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $77,000. Exencial Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $437,000. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of KKR & Co. Inc. by 40.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 3,598 shares of the asset manager’s stock worth $534,000 after buying an additional 1,037 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 2.0 %

Shares of KKR opened at $123.15 on Thursday. The firm has a market capitalization of $109.38 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 1.00 and a beta of 1.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The business’s fifty day moving average price is $147.36 and its two-hundred day moving average price is $142.07. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of recent research reports. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Wells Fargo & Company dropped their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Barclays decreased their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

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.