State of New Jersey Common Pension Fund D Increases Holdings in KKR & Co. Inc. $KKR

State of New Jersey Common Pension Fund D grew its holdings in KKR & Co. Inc. (NYSE:KKR) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,324 shares of the asset manager’s stock after purchasing an additional 947 shares during the period. State of New Jersey Common Pension Fund D’s holdings in KKR & Co. Inc. were worth $28,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KKR. Saudi Central Bank bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $28,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $38,000. GW&K Investment Management LLC increased its holdings in shares of KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after purchasing an additional 111 shares in the last quarter. Finally, SouthState Corp bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $44,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on KKR shares. Citigroup reduced their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price objective for the company. in a report on Wednesday, July 9th. Oppenheimer cut their price objective on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Finally, Evercore ISI lifted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.27.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $121.23 on Friday. The company has a market capitalization of $108.01 billion, a PE ratio of 56.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The business’s fifty day moving average is $133.93 and its 200 day moving average is $129.35. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results 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. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the previous year, the business earned $1.09 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current 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 given a $0.185 dividend. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

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.