Public Employees Retirement Association of Colorado Purchases 512 Shares of KKR & Co. Inc. (NYSE:KKR)

Public Employees Retirement Association of Colorado grew its position in KKR & Co. Inc. (NYSE:KKR) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,706 shares of the asset manager’s stock after buying an additional 512 shares during the period. Public Employees Retirement Association of Colorado’s holdings in KKR & Co. Inc. were worth $8,914,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KKR. Wellington Management Group LLP boosted its stake in KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares in the last quarter. Winslow Capital Management LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $344,354,000. GQG Partners LLC acquired a new stake in KKR & Co. Inc. during the 1st quarter valued at approximately $217,004,000. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after purchasing an additional 1,728,782 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 0.3 %

Shares of KKR opened at $133.23 on Friday. The stock has a market capitalization of $118.23 billion, a PE ratio of 29.87, a P/E/G ratio of 0.99 and a beta of 1.62. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $133.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The company’s 50-day simple moving average is $118.86 and its 200-day simple moving average is $107.83.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. Analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were paid a $0.175 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent research reports. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. JMP Securities boosted their price target on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Finally, HSBC assumed coverage on shares of KKR & Co. Inc. in a report on Wednesday. They set a “buy” rating and a $148.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $128.27.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.