Oregon Public Employees Retirement Fund Acquires 400 Shares of KKR & Co. Inc. $KKR

Oregon Public Employees Retirement Fund grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,410 shares of the asset manager’s stock after buying an additional 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in KKR & Co. Inc. were worth $7,770,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares during the period. Bison Wealth LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at $218,000. CX Institutional purchased a new stake in shares of KKR & Co. Inc. in the first quarter valued at $159,000. Opal Wealth Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the first quarter valued at $82,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of KKR & Co. Inc. by 2.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,609 shares of the asset manager’s stock worth $880,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective for the company. in a research note on Wednesday, July 9th. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Keefe, Bruyette & Woods upped their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Citigroup increased their target price on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.40.

KKR & Co. Inc. Trading Down 5.0%

Shares of NYSE KKR opened at $117.88 on Monday. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The firm has a market cap of $105.03 billion, a PE ratio of 54.83, a price-to-earnings-growth ratio of 1.29 and a beta of 1.91. The business has a fifty day simple moving average of $138.46 and a two-hundred day simple moving average of $128.64. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $1.09 earnings per share. Analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s payout ratio is 34.42%.

Insider Activity

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 39.34% of the company’s stock.

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.