KKR & Co. Inc. $KKR Stake Raised by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 8.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,337,243 shares of the asset manager's stock after purchasing an additional 253,767 shares during the period. KKR & Co. Inc. accounts for 4.1% of Van Lanschot Kempen Investment Management N.V.'s portfolio, making the stock its 3rd largest position. 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.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Brighton Jones LLC increased its stake 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 valued at $689,000 after purchasing an additional 2,437 shares in the last quarter. CreativeOne Wealth LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $285,000. First Trust Advisors LP increased its stake in shares of KKR & Co. Inc. by 35.1% during the fourth quarter. First Trust Advisors LP now owns 401,035 shares of the asset manager's stock valued at $59,317,000 after purchasing an additional 104,274 shares in the last quarter. MML Investors Services LLC increased its stake in shares of KKR & Co. Inc. by 29.5% during the fourth quarter. MML Investors Services LLC now owns 91,195 shares of the asset manager's stock valued at $13,489,000 after purchasing an additional 20,782 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of KKR & Co. Inc. by 57.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 46,633 shares of the asset manager's stock valued at $6,897,000 after purchasing an additional 17,056 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of the company's stock in a transaction that occurred 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 sale, the chairman directly owned 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This represents a 1.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the sale, the chairman directly owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,281,394 shares of company stock worth $413,158,033. Company insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Oppenheimer upped their price objective on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a research report on Wednesday, July 9th. Barclays upped their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Citigroup upped their price objective 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. Finally, Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $157.73.

KKR & Co. Inc. Trading Up 2.8%

KKR stock traded up $3.8310 during trading on Friday, reaching $141.6710. 4,084,502 shares of the stock were exchanged, compared to its average volume of 3,227,708. The business has a 50 day moving average price of $139.35 and a 200-day moving average price of $126.54. The firm has a market capitalization of $126.22 billion, a price-to-earnings ratio of 65.89, a P/E/G ratio of 1.52 and a beta of 1.87. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $1.09 EPS. On average, research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be issued a $0.185 dividend. 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 is currently 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.