Strs Ohio Has $29.41 Million Stock Holdings in KKR & Co. Inc. $KKR

Strs Ohio decreased its position in KKR & Co. Inc. (NYSE:KKR) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 230,679 shares of the asset manager’s stock after selling 6,188 shares during the period. Strs Ohio’s holdings in KKR & Co. Inc. were worth $29,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strive Asset Management LLC bought a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $535,907,000. Viking Global Investors LP bought a new stake in shares of KKR & Co. Inc. during the third quarter worth approximately $352,038,000. Close Asset Management Ltd raised its stake in shares of KKR & Co. Inc. by 4,155.1% during the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock worth $196,845,000 after buying an additional 1,479,688 shares during the last quarter. Vanguard Group Inc. lifted its holdings in KKR & Co. Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock valued at $7,657,034,000 after buying an additional 821,739 shares during the period. Finally, M&T Bank Corp lifted its holdings in KKR & Co. Inc. by 3,981.9% in the fourth quarter. M&T Bank Corp now owns 718,536 shares of the asset manager’s stock valued at $91,599,000 after buying an additional 700,933 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

KKR stock opened at $103.70 on Friday. The stock has a 50-day moving average price of $94.21 and a two-hundred day moving average price of $112.23. The stock has a market cap of $92.46 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%. Equities analysts forecast that KKR & Co. Inc. will post 5.45 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a $0.185 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.7%. KKR & Co. Inc.’s payout ratio is presently 31.62%.

Insider Transactions at KKR & Co. Inc.

In other news, Director Matt Cohler purchased 43,872 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The stock was purchased at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the transaction, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. The trade was a 2,733.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph Y. Bae purchased 125,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average cost of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the purchase, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. This represents a 32.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 393,872 shares of company stock worth $40,090,679. 23.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Morgan Stanley cut their price target on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a research note on Wednesday, January 28th. Finally, TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their target price for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $137.20.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.