Public Employees Retirement System of Ohio Trims Holdings in KKR & Co. Inc. (NYSE:KKR)

Public Employees Retirement System of Ohio reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,200 shares of the asset manager’s stock after selling 14,168 shares during the period. Public Employees Retirement System of Ohio’s holdings in KKR & Co. Inc. were worth $42,332,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KKR. Tallon Kerry Patrick purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $207,000. Simon Quick Advisors LLC grew its holdings in KKR & Co. Inc. by 14.7% in the 4th quarter. Simon Quick Advisors LLC now owns 2,817 shares of the asset manager’s stock valued at $417,000 after buying an additional 360 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of KKR & Co. Inc. by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 69,154 shares of the asset manager’s stock valued at $10,229,000 after acquiring an additional 1,527 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of KKR & Co. Inc. by 15.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 123,299 shares of the asset manager’s stock valued at $18,237,000 after acquiring an additional 16,811 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of KKR & Co. Inc. by 6.6% during the 4th quarter. Avior Wealth Management LLC now owns 8,119 shares of the asset manager’s stock worth $1,201,000 after acquiring an additional 506 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KKR shares. TD Cowen lowered their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and cut their target price for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Barclays lifted their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Citigroup dropped their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $149.43.

KKR & Co. Inc. Stock Down 0.9%

NYSE KKR opened at $117.17 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The business has a 50 day moving average price of $112.94 and a two-hundred day moving average price of $135.06. The stock has a market cap of $104.36 billion, a PE ratio of 35.19, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business’s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.185 dividend. The ex-dividend date is Monday, May 12th. This represents a yield of 0.64%. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s payout ratio is currently 31.22%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Robert W. Scully purchased 13,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director now directly owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

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.