Teacher Retirement System of Texas Boosts Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Teacher Retirement System of Texas boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 226.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,748 shares of the asset manager’s stock after acquiring an additional 83,106 shares during the period. Teacher Retirement System of Texas’ holdings in KKR & Co. Inc. were worth $13,844,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $36,000. Finally, HM Payson & Co. grew its stake in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after buying an additional 272 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider owned 13,260,971 shares of the company’s stock, valued at $453,525,208.20. This trade represents a 31.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, the director owned 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Trading Up 3.0%

Shares of NYSE KKR opened at $138.63 on Friday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a market capitalization of $123.46 billion, a PE ratio of 58.49, a PEG ratio of 1.54 and a beta of 1.88. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $123.10 and a two-hundred day moving average price of $128.86.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. KKR & Co. Inc.’s revenue was down 67.8% compared to the same quarter last year. As a group, analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is 31.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America lowered their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a report on Friday, April 4th. Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods boosted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, Citigroup decreased their price objective on shares of 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, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Buy” and a consensus target price of $149.47.

KKR & Co. Inc. Profile

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.