KKR & Co. Inc. $KKR Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,337,243 shares of the asset manager’s stock after acquiring an additional 253,767 shares during the quarter. KKR & Co. Inc. comprises 4.1% of Van Lanschot Kempen Investment Management N.V.’s holdings, making the stock its 3rd largest holding. Van Lanschot Kempen Investment Management N.V. owned approximately 0.38% of KKR & Co. Inc. worth $385,819,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares during the period. CreativeOne Wealth LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $285,000. First Trust Advisors LP boosted its holdings in KKR & Co. Inc. by 35.1% during the 4th quarter. First Trust Advisors LP now owns 401,035 shares of the asset manager’s stock valued at $59,317,000 after acquiring an additional 104,274 shares during the period. MML Investors Services LLC grew its position in KKR & Co. Inc. by 29.5% in the 4th quarter. MML Investors Services LLC now owns 91,195 shares of the asset manager’s stock valued at $13,489,000 after acquiring an additional 20,782 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in KKR & Co. Inc. by 57.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 46,633 shares of the asset manager’s stock valued at $6,897,000 after acquiring an additional 17,056 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KKR. Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. Citizens Jmp cut KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Piper Sandler assumed coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They set an “overweight” rating and a $150.00 target price for the company. Finally, Citigroup increased their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $157.73.

Insiders Place Their Bets

In other news, Director Timothy R. Barakett bought 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the acquisition, the director owned 185,000 shares of the company’s stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman directly owned 82,171,884 shares of the company’s stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,281,394 shares of company stock valued at $413,158,033. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $141.09 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The firm’s 50 day moving average is $138.16 and its two-hundred day moving average is $126.61. The firm has a market capitalization of $125.70 billion, a P/E ratio of 65.62, a P/E/G ratio of 1.53 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business posted $1.09 EPS. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

KKR & Co. Inc. Company 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.