KKR & Co. Inc. (NYSE:KKR) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System decreased its position in KKR & Co. Inc. (NYSE:KKR) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 183,200 shares of the asset manager’s stock after selling 500 shares during the period. State of Michigan Retirement System’s holdings in KKR & Co. Inc. were worth $27,097,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $30,000. Bank of New Hampshire acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $45,000. Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. in the third quarter valued at $40,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley lowered their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $132.78 on Tuesday. The business’s 50-day moving average price is $148.61 and its 200 day moving average price is $142.20. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a market capitalization of $117.94 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

About KKR & Co. Inc.

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.