Teacher Retirement System of Texas Buys 32,483 Shares of KKR & Co. Inc. (NYSE:KKR)

Teacher Retirement System of Texas boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 781.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,642 shares of the asset manager’s stock after purchasing an additional 32,483 shares during the quarter. Teacher Retirement System of Texas’ holdings in KKR & Co. Inc. were worth $5,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Hanson & Doremus Investment Management purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the fourth quarter valued at $30,000. Cassady Schiller Wealth Management LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at about $36,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. during the third quarter worth about $40,000. Finally, HM Payson & Co. lifted its stake in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after purchasing an additional 272 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $116.54 on Monday. The business has a 50 day moving average of $139.07 and a 200 day moving average of $141.64. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The company has a market cap of $103.52 billion, a PE ratio of 35.00, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KKR shares. Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, Barclays lowered their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.79.

Insider Activity

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 39.34% of the company’s stock.

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.