Robeco Institutional Asset Management B.V. Cuts Stake in KKR & Co. Inc. (NYSE:KKR)

Robeco Institutional Asset Management B.V. lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 66.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,270 shares of the asset manager's stock after selling 195,640 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in KKR & Co. Inc. were worth $13,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager's stock valued at $27,000 after buying an additional 218 shares during the period. Mather Group LLC. grew its stake in shares of KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager's stock valued at $27,000 after acquiring an additional 208 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. during the third quarter valued at approximately $31,000. Raleigh Capital Management Inc. raised its position in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock valued at $31,000 after buying an additional 85 shares in the last quarter. Finally, Eastern Bank purchased a new position in KKR & Co. Inc. during the third quarter worth $34,000. Institutional investors own 76.26% of the company's stock.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm's stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KKR shares. Argus raised shares of KKR & Co. Inc. to a "strong-buy" rating in a research note on Thursday, August 1st. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price objective for the company. Evercore ISI increased their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. The Goldman Sachs Group raised their target price on KKR & Co. Inc. from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a "sell" rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $151.64.

KKR & Co. Inc. Trading Down 0.9 %

NYSE KKR traded down $1.40 on Thursday, hitting $150.87. The company's stock had a trading volume of 2,521,605 shares, compared to its average volume of 4,302,889. The company's 50-day moving average is $131.67 and its 200 day moving average is $116.57. KKR & Co. Inc. has a 1-year low of $61.94 and a 1-year high of $153.51. The firm has a market cap of $133.89 billion, a PE ratio of 46.27, a PEG ratio of 1.13 and a beta of 1.61. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.86% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the firm posted $0.73 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 4.04 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio is presently 21.28%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.