Police & Firemen s Retirement System of New Jersey Acquires 4,605 Shares of KKR & Co. Inc. $KKR

Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,801 shares of the asset manager’s stock after acquiring an additional 4,605 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in KKR & Co. Inc. were worth $13,676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in shares of KKR & Co. Inc. during the 1st quarter worth $844,137,000. Jennison Associates LLC boosted its stake in KKR & Co. Inc. by 4,918.6% in the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after acquiring an additional 4,306,290 shares during the last quarter. Amundi increased its stake in shares of KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after purchasing an additional 2,439,505 shares during the last quarter. Unisphere Establishment raised its holdings in shares of KKR & Co. Inc. by 1,594.5% in the 1st quarter. Unisphere Establishment now owns 1,262,400 shares of the asset manager’s stock worth $145,946,000 after purchasing an additional 1,187,900 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in KKR & Co. Inc. by 45.2% in the first quarter. Canada Pension Plan Investment Board now owns 3,051,592 shares of the asset manager’s stock valued at $352,795,000 after purchasing an additional 950,300 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.9%

Shares of NYSE:KKR opened at $120.70 on Friday. The firm has a market capitalization of $107.58 billion, a PE ratio of 56.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The firm has a fifty day moving average of $128.57 and a 200 day moving average of $131.01.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be given a $0.185 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup lowered their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Oppenheimer reduced their target price on shares of 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. Barclays raised their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday. Keefe, Bruyette & Woods raised their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $157.79.

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.