APG Asset Management N.V. Has $69.78 Million Stake in KKR & Co. Inc. (NYSE:KKR)

APG Asset Management N.V. grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 336.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,505 shares of the asset manager's stock after purchasing an additional 376,499 shares during the quarter. APG Asset Management N.V. owned approximately 0.05% of KKR & Co. Inc. worth $69,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $36,000. Finally, HM Payson & Co. lifted its position in shares of KKR & Co. Inc. by 6,800.0% in the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is currently owned by insiders.

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KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded down $0.47 during midday trading on Friday, reaching $101.40. 8,299,480 shares of the company were exchanged, compared to its average volume of 4,920,666. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market cap of $90.07 billion, a P/E ratio of 30.45, a PEG ratio of 1.00 and a beta of 1.77. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock's 50-day moving average price is $122.22 and its 200-day moving average price is $139.51.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 21.02%.

Wall Street Analysts Forecast Growth

KKR has been the topic of several research analyst reports. Barclays cut their target price on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research note on Friday. Wells Fargo & Company lowered their target price on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. TD Cowen reduced their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday. JMP Securities lowered their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and an average target price of $151.33.

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.