Oregon Public Employees Retirement Fund Grows Stock Position in KKR & Co. Inc. (NYSE:KKR)

Oregon Public Employees Retirement Fund boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 57,880 shares of the asset manager’s stock after buying an additional 190 shares during the period. Oregon Public Employees Retirement Fund’s holdings in KKR & Co. Inc. were worth $8,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $45,000. Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. during the third quarter worth $40,000. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of KKR & Co. Inc. by 17.8% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KKR. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Morgan Stanley decreased their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Oppenheimer lifted their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $132.55 on Thursday. The company has a market capitalization of $117.73 billion, a PE ratio of 39.80, a P/E/G ratio of 1.00 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a 50-day simple moving average of $149.40 and a two-hundred day simple moving average of $141.67. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.175 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

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.