ASR Vermogensbeheer N.V. Sells 4,725 Shares of KKR & Co. Inc. $KKR

ASR Vermogensbeheer N.V. decreased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 12.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 32,950 shares of the asset manager’s stock after selling 4,725 shares during the period. ASR Vermogensbeheer N.V.’s holdings in KKR & Co. Inc. were worth $4,282,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its position in KKR & Co. Inc. by 22.7% during the third quarter. Ritholtz Wealth Management now owns 7,650 shares of the asset manager’s stock worth $994,000 after purchasing an additional 1,414 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of KKR & Co. Inc. by 16.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 29,760 shares of the asset manager’s stock valued at $3,867,000 after purchasing an additional 4,169 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of KKR & Co. Inc. by 8.1% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 102,675 shares of the asset manager’s stock valued at $14,322,000 after purchasing an additional 7,700 shares during the period. Avantra Family Wealth Inc. acquired a new stake in shares of KKR & Co. Inc. in the third quarter worth $330,000. Finally, Versant Capital Management Inc lifted its stake in shares of KKR & Co. Inc. by 7.9% in the third quarter. Versant Capital Management Inc now owns 1,739 shares of the asset manager’s stock worth $226,000 after buying an additional 128 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $131.65 on Monday. The firm’s 50-day moving average is $127.78 and its 200-day moving average is $133.04. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $117.35 billion, a price-to-earnings ratio of 55.78, a PEG ratio of 1.14 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the company earned $1.38 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a $0.185 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 7th. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price target for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Morgan Stanley lowered their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective on the stock. Finally, UBS Group decreased their target price on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.43.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.