Public Employees Retirement Association of Colorado Acquires 226 Shares of KKR & Co. Inc. (NYSE:KKR)

Public Employees Retirement Association of Colorado boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,002 shares of the asset manager’s stock after acquiring an additional 226 shares during the period. Public Employees Retirement Association of Colorado’s holdings in KKR & Co. Inc. were worth $12,573,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Quarry LP increased its position in shares of KKR & Co. Inc. by 228.9% in the fourth quarter. Quarry LP now owns 786 shares of the asset manager’s stock worth $116,000 after purchasing an additional 547 shares during the last quarter. Prosperity Consulting Group LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $285,000. Coldstream Capital Management Inc. grew its position in KKR & Co. Inc. by 28.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,208 shares of the asset manager’s stock worth $622,000 after acquiring an additional 941 shares in the last quarter. Rothschild Capital Partners LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at $294,000. Finally, Kovitz Investment Group Partners LLC raised its position in KKR & Co. Inc. by 54.1% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 30,622 shares of the asset manager’s stock valued at $4,529,000 after purchasing an additional 10,748 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 0.5 %

Shares of KKR & Co. Inc. stock opened at $113.81 on Monday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $101.09 billion, a P/E ratio of 34.18, a P/E/G ratio of 1.00 and a beta of 1.77. The company has a fifty day moving average of $114.31 and a 200 day moving average of $137.68.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analyst Upgrades and Downgrades

Several research firms have commented on KKR. Barclays decreased their price target on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Citigroup cut their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Bank of America lowered their price objective 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.93.

Insider Activity at KKR & Co. Inc.

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 dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Company 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.