ASR Vermogensbeheer N.V. Takes $1.42 Million Position in KKR & Co. Inc. (NYSE:KKR)

Key Points

• ASR Vermogensbeheer N.V. acquired 12,250 shares of KKR & Co. Inc., valued at approximately $1.416 million, indicating institutional interest in the asset management firm.
• Director Timothy R. Barakett increased his ownership by purchasing 35,000 shares for around $4.127 million, while a significant insider, Genetic Disorder L.P. KKR, sold 6 million shares for approximately $205.2 million.
• KKR & Co. Inc. announced a quarterly dividend increase to $0.185 per share, reflecting ongoing financial health and a 0.5% yield for shareholders.

ASR Vermogensbeheer N.V. bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,250 shares of the asset manager's stock, valued at approximately $1,416,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KKR. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. bought a new stake in KKR & Co. Inc. in the first quarter valued at approximately $38,000. GW&K Investment Management LLC raised its position in shares of KKR & Co. Inc. by 44.6% in the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after purchasing an additional 111 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $46,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Down 0.7%

NYSE KKR traded down $1.06 on Monday, reaching $141.61. The company had a trading volume of 1,818,626 shares, compared to its average volume of 4,943,346. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a market cap of $126.12 billion, a price-to-earnings ratio of 65.86, a PEG ratio of 1.54 and a beta of 1.87. The stock's 50 day moving average is $135.84 and its 200-day moving average is $127.34.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. Equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy R. Barakett bought 35,000 shares of the stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the acquisition, the director directly owned 185,000 shares in the company, valued at approximately $21,815,200. The trade was a 23.33% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 3,281,394 shares of company stock valued at $413,158,033. Corporate insiders own 39.34% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KKR. Keefe, Bruyette & Woods increased their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Evercore ISI lifted their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.73.

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.