Van Lanschot Kempen Investment Management N.V. Trims Stake in KKR & Co. Inc. (NYSE:KKR)

Van Lanschot Kempen Investment Management N.V. cut its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,083,476 shares of the asset manager's stock after selling 537,511 shares during the quarter. KKR & Co. Inc. accounts for approximately 4.6% of Van Lanschot Kempen Investment Management N.V.'s holdings, making the stock its 3rd biggest position. Van Lanschot Kempen Investment Management N.V. owned approximately 0.35% of KKR & Co. Inc. worth $456,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KKR. Vanguard Group Inc. lifted its position in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock valued at $8,384,650,000 after acquiring an additional 441,817 shares during the period. Geode Capital Management LLC boosted its holdings in shares of KKR & Co. Inc. by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after purchasing an additional 458,048 shares during the last quarter. FMR LLC increased its stake in KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after purchasing an additional 752,056 shares during the last quarter. Norges Bank acquired a new stake in KKR & Co. Inc. in the 4th quarter worth about $1,435,314,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of KKR & Co. Inc. by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,772,331 shares of the asset manager's stock valued at $557,965,000 after acquiring an additional 85,461 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 4.6 %

NYSE:KKR traded up $4.71 on Wednesday, hitting $106.99. 7,390,098 shares of the company's stock traded hands, compared to its average volume of 4,980,429. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a 50-day moving average price of $115.40 and a 200-day moving average price of $137.88. The company has a market cap of $95.03 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.65%. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Analyst Ratings Changes

A number of equities analysts have weighed in on KKR shares. JMP Securities decreased 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 report on Tuesday, April 8th. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays reduced their price objective on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company dropped their target price on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $144.93.

Insider Activity at KKR & Co. Inc.

In other 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 shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. 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.