Robeco Institutional Asset Management B.V. Buys 6,200 Shares of KKR & Co. Inc. (NYSE:KKR)

Robeco Institutional Asset Management B.V. raised its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 6.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,200 shares of the asset manager's stock after purchasing an additional 6,200 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in KKR & Co. Inc. were worth $12,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. McIlrath & Eck LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $26,000. Mascagni Wealth Management Inc. purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $36,000. Finally, HM Payson & Co. boosted its position in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 2.0%

Shares of KKR & Co. Inc. stock opened at $134.52 on Friday. The company has a market cap of $119.81 billion, a P/E ratio of 56.76, a PEG ratio of 1.49 and a beta of 1.89. 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 firm's 50 day moving average price is $120.23 and its 200-day moving average price is $129.34.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The company's quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the company earned $0.97 earnings per share. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.185 per share. This represents a yield of 0.64%. The ex-dividend date was Monday, May 12th. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several research reports. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Citigroup cut their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, JMP Securities decreased their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $149.43.

Insider Activity at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the transaction, the chairman now owns 73,006,022 shares in the company, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the transaction, the director now directly owns 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 8,471,488 shares of company stock worth $501,529,092 over the last quarter. Insiders own 39.34% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.