APG Asset Management N.V. Takes $154.47 Million Position in KKR & Co. Inc. (NYSE:KKR)

APG Asset Management N.V. acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,573,085 shares of the asset manager’s stock, valued at approximately $154,468,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in KKR & Co. Inc. during the first quarter worth $27,000. Versant Capital Management Inc boosted its stake in shares of KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after acquiring an additional 218 shares in the last quarter. Mather Group LLC. increased its holdings 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 last quarter. American National Bank raised its stake in shares of KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in KKR & Co. Inc. in the 2nd quarter worth approximately $38,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.5 %

Shares of KKR opened at $131.67 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $119.88 and a two-hundred day moving average price of $108.55. The stock has a market cap of $116.85 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 1.11 and a beta of 1.62. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $134.85.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate of $0.89 by $0.20. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same quarter last year, the company earned $0.58 EPS. Equities analysts predict that KKR & Co. Inc. will post 3.99 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Activity

In other KKR & Co. Inc. news, 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 stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 shares were bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KKR has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Barclays raised their target price on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. TD Cowen boosted their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Saturday, September 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $128.27.

About KKR & Co. Inc.

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.