Van Lanschot Kempen Investment Management N.V. Has $494.34 Million Stock Position in KKR & Co. Inc. $KKR

Van Lanschot Kempen Investment Management N.V. raised its position in KKR & Co. Inc. (NYSE:KKR) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,877,794 shares of the asset manager’s stock after buying an additional 79,449 shares during the period. KKR & Co. Inc. makes up 4.3% of Van Lanschot Kempen Investment Management N.V.’s portfolio, making the stock its 3rd biggest holding. Van Lanschot Kempen Investment Management N.V.’s holdings in KKR & Co. Inc. were worth $494,341,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd raised its position in KKR & Co. Inc. by 26.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 168,769 shares of the asset manager’s stock valued at $21,515,000 after purchasing an additional 34,815 shares during the last quarter. Banco Santander S.A. raised its position in KKR & Co. Inc. by 27.6% in the fourth quarter. Banco Santander S.A. now owns 184,994 shares of the asset manager’s stock valued at $23,583,000 after purchasing an additional 40,024 shares during the last quarter. Wealthspire Advisors LLC raised its position in KKR & Co. Inc. by 233.1% in the fourth quarter. Wealthspire Advisors LLC now owns 7,335 shares of the asset manager’s stock valued at $935,000 after purchasing an additional 5,133 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of KKR & Co. Inc. by 43.5% in the fourth quarter. Quadrant Capital Group LLC now owns 14,341 shares of the asset manager’s stock valued at $1,828,000 after buying an additional 4,349 shares during the period. Finally, Laurel Oak Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $645,000. 76.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Morgan Stanley lowered their price objective on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Piper Sandler lowered their price objective on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. BMO Capital Markets lowered their price objective on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Finally, Weiss Ratings downgraded KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.53.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $96.37 on Friday. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $86.52 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79. The business has a 50-day moving average of $97.27 and a 200-day moving average of $107.45.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.51 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.195 dividend. The ex-dividend date was Friday, May 15th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

KKR & Co. Inc. announced that its Board of Directors has authorized a share buyback program on Tuesday, May 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.