Texas Permanent School Fund Corp Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares during the period. Mather Group LLC. grew its position in shares of KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares during the last quarter. Riverview Trust Co bought a new position in shares of KKR & Co. Inc. during the first quarter worth about $27,000. American National Bank grew its position in shares of KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after acquiring an additional 235 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of KKR & Co. Inc. during the second quarter worth about $38,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $118.46 on Tuesday. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $128.79. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $115.55 and a 200-day moving average of $106.10. The firm has a market cap of $105.13 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62.

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

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KKR shares. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TD Cowen upped their price target on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.93.

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 the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.