Texas Permanent School Fund Corp Invests $11.61 Million in KKR & Co. Inc. (NYSE:KKR)

Texas Permanent School Fund Corp purchased a new position in KKR & Co. Inc. (NYSE:KKR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 110,286 shares of the asset manager’s stock, valued at approximately $11,606,000.

A number of other hedge funds have also made changes to their positions in the stock. Capital International Investors lifted its position in shares of KKR & Co. Inc. by 1.9% in the fourth quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock worth $3,546,708,000 after purchasing an additional 805,122 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of KKR & Co. Inc. by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after purchasing an additional 1,728,782 shares in the last quarter. Capital World Investors lifted its position in shares of KKR & Co. Inc. by 7.4% in the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock worth $1,674,144,000 after purchasing an additional 1,139,784 shares in the last quarter. Wellington Management Group LLP increased its holdings in KKR & Co. Inc. by 219.5% in the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in KKR & Co. Inc. by 3.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock worth $845,324,000 after buying an additional 365,449 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the topic of several analyst reports. Citigroup increased their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Redburn Atlantic initiated coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Oppenheimer increased their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Evercore ISI increased their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.93.

KKR & Co. Inc. Stock Up 1.9 %

Shares of KKR stock opened at $118.46 on Tuesday. The stock has a market cap of $105.13 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $128.79. The stock has a fifty day moving average price of $115.55 and a 200 day moving average price of $106.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period last year, the business earned $0.58 earnings per share. Analysts predict that KKR & Co. Inc. will post 4.01 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.59%. KKR & Co. Inc.’s payout ratio is presently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.