State of New Jersey Common Pension Fund D lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,521 shares of the asset manager’s stock after selling 4,886 shares during the period. State of New Jersey Common Pension Fund D’s holdings in KKR & Co. Inc. were worth $27,475,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. ESL Trust Services LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth about $26,000. Asset Dedication LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth about $26,000. GGM Financials LLC acquired a new position in KKR & Co. Inc. during the third quarter worth about $27,000. Richardson Financial Services Inc. boosted its position in KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in KKR & Co. Inc. during the third quarter worth about $33,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.
KKR & Co. Inc. Stock Performance
NYSE:KKR opened at $104.37 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $93.05 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 0.87 and a beta of 1.93. The company’s 50-day moving average is $94.21 and its two-hundred day moving average is $112.28. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87.
KKR & Co. Inc. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is presently 31.62%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on KKR shares. Piper Sandler lowered their price target on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. BMO Capital Markets lowered their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Barclays lowered their price target on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Morgan Stanley lowered their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Finally, Zacks Research lowered shares of KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.
Check Out Our Latest Report on KKR & Co. Inc.
KKR & Co. Inc. News Summary
Here are the key news stories impacting KKR & Co. Inc. this week:
- Positive Sentiment: KKR reportedly secured more than $10 billion in financing to back the launch of an AI infrastructure developer — a large-capital commitment that signals scale in tech infrastructure investing and could lead to future fee income and carry. KKR bags over $10B financing for AI infrastructure developer launch – report
- Positive Sentiment: FT reports KKR is exploring a sale of Flora Food Group at about a $10 billion valuation — a potential large exit that could crystallize value and boost realizations/management fees if completed. KKR explores sale of Flora Food Group at $10 billion valuation, FT reports
- Positive Sentiment: KKR made a strategic investment in MLS NEXT Pro to accelerate growth — a smaller, strategic media/sports play that diversifies growth initiatives and may create partnership/marketing upside. KKR Makes Strategic Investment to Accelerate Growth of MLS NEXT Pro
- Neutral Sentiment: KKR and Neuberger Private Markets will jointly acquire Flow Control Group with KKR funds retaining majority ownership — a routine portfolio transaction that preserves upside while bringing in a minority partner. Flow Control Group to Receive Investment from Neuberger Private Markets
- Neutral Sentiment: Reports say KKR is among bidders (with Apollo and Blackstone) for a Shell stake in the LNG Canada project — a sizeable energy play that could be transformative if KKR wins, but outcome is uncertain. Exclusive: Apollo, Blackstone and KKR vie for Shell stake in LNG Canada, sources say
- Neutral Sentiment: Analyst previews (Zacks) flag that KKR is set to report Q1 results on May 5 with expected revenue and earnings growth but possibly higher costs — a near-term catalyst investors will watch closely. KKR & Co. Set to Report Q1 Earnings: What’s in Store for the Stock?
- Negative Sentiment: KKR shares reacted to an earnings miss noted in recent coverage — the miss raises short-term concerns about profitability and could pressure multiple expansion until Q1 results clarify trends. KKR & Co. (KKR) Falls on Earnings Miss Despite Strong Fundraising Momentum and Long-Term Growth Plans
- Negative Sentiment: DCC rejected a $6.7 billion takeover bid from a KKR-led consortium, a setback for that bid process and a reminder of deal execution risk and potential overreach in certain offers. DCC Rejects $6.7 billion KKR Consortium Bid
Insider Activity
In other news, Director Matt Cohler bought 43,872 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the acquisition, the director directly owned 45,477 shares of the company’s stock, valued at $4,679,583.30. This trade represents a 2,733.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joseph Y. Bae bought 125,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the acquisition, the chief executive officer directly owned 509,257 shares in the company, valued at $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 393,872 shares of company stock valued at $40,090,679. Company insiders own 23.20% of the company’s stock.
About KKR & Co. Inc.
KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.
KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.
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