Louisiana State Employees Retirement System Has $4.75 Million Position in KKR & Co. Inc. $KKR

Louisiana State Employees Retirement System reduced its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,700 shares of the asset manager’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in KKR & Co. Inc. were worth $4,749,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Cortland Associates Inc. MO acquired a new position in KKR & Co. Inc. during the second quarter worth $30,514,000. Joel Isaacson & Co. LLC acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at $608,000. CFM Wealth Partners LLC increased its stake in shares of KKR & Co. Inc. by 10.4% in the second quarter. CFM Wealth Partners LLC now owns 31,142 shares of the asset manager’s stock valued at $4,143,000 after buying an additional 2,927 shares in the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of KKR & Co. Inc. by 3.7% in the second quarter. KLP Kapitalforvaltning AS now owns 220,600 shares of the asset manager’s stock valued at $29,346,000 after buying an additional 7,900 shares in the last quarter. Finally, Drake & Associates LLC acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at $699,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $124.69 on Thursday. The stock has a 50-day moving average price of $139.41 and a 200 day moving average price of $128.52. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a market cap of $111.09 billion, a price-to-earnings ratio of 58.00, a PEG ratio of 1.36 and a beta of 1.91. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business earned $1.09 earnings per share. Research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research reports. Evercore ISI raised their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Weiss Ratings lowered KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. JMP Securities restated a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Barclays raised their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $157.40.

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.