ASR Vermogensbeheer N.V. Raises Position in KKR & Co. Inc. $KKR

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in KKR & Co. Inc. by 207.6% during the second quarter, bringing its total to 37,675 shares valued at approximately $5 million.
• Insider Chairman George R. Roberts sold 809,906 shares of KKR recently, resulting in a 0.99% decrease in his ownership.
• KKR & Co. Inc. announced a quarterly dividend increase to $0.185 per share, reflecting a yield of 0.6% and a payout ratio of 34.42%.

ASR Vermogensbeheer N.V. grew its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 207.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,675 shares of the asset manager's stock after acquiring an additional 25,425 shares during the period. ASR Vermogensbeheer N.V.'s holdings in KKR & Co. Inc. were worth $5,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of KKR. Saudi Central Bank acquired a new position in KKR & Co. Inc. during the 1st quarter worth $28,000. DiNuzzo Private Wealth Inc. grew its position in shares of KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager's stock worth $37,000 after buying an additional 245 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of KKR & Co. Inc. during the first quarter worth about $38,000. GW&K Investment Management LLC grew its position in shares of KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after buying an additional 111 shares in the last quarter. Finally, SouthState Corp acquired a new position in shares of KKR & Co. Inc. during the first quarter worth about $44,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.34% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on KKR. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of KKR & Co. Inc. in a research note on Saturday, September 27th. Barclays boosted their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. JMP Securities reaffirmed a "market perform" rating and set a $150.00 price objective on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Finally, Wells Fargo & Company upped their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $157.40.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $127.51 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market capitalization of $113.60 billion, a PE ratio of 59.31, a P/E/G ratio of 1.37 and a beta of 1.91. The company has a fifty day moving average of $140.96 and a two-hundred day moving average of $128.34.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period in the prior year, the firm earned $1.09 EPS. As a group, analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were issued a $0.185 dividend. The ex-dividend date of this dividend was Monday, August 11th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

About KKR & Co. Inc.

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.

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