Robeco Institutional Asset Management B.V. Sells 225,000 Shares of KKR & Co Inc (KKR)

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Robeco Institutional Asset Management B.V. cut its holdings in KKR & Co Inc (NYSE:KKR) by 26.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 625,000 shares of the asset manager’s stock after selling 225,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of KKR & Co Inc worth $17,044,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KKR. BlackRock Inc. grew its holdings in shares of KKR & Co Inc by 7.8% in the first quarter. BlackRock Inc. now owns 621,202 shares of the asset manager’s stock valued at $12,610,000 after purchasing an additional 45,199 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of KKR & Co Inc by 1.7% in the first quarter. Principal Financial Group Inc. now owns 14,541,128 shares of the asset manager’s stock valued at $295,185,000 after purchasing an additional 237,568 shares in the last quarter. First American Trust FSB purchased a new position in shares of KKR & Co Inc in the second quarter valued at $205,000. XR Securities LLC purchased a new position in shares of KKR & Co Inc in the second quarter valued at $270,000. Finally, Selz Capital LLC purchased a new position in shares of KKR & Co Inc in the second quarter valued at $1,243,000. 62.79% of the stock is owned by hedge funds and other institutional investors.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr bought 14,132 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was acquired at an average cost of $15.93 per share, for a total transaction of $225,122.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have bought 130,656 shares of company stock valued at $1,914,185.

Several research analysts have commented on KKR shares. Oppenheimer set a $35.00 price objective on shares of KKR & Co Inc and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Citigroup lifted their price objective on shares of KKR & Co Inc from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 10th. Deutsche Bank dropped their price objective on shares of KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, October 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $35.00 price objective on shares of KKR & Co Inc in a research note on Friday, July 27th. Finally, Zacks Investment Research raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, October 17th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $30.33.

NYSE KKR opened at $23.14 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.87. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.99 and a beta of 1.61. KKR & Co Inc has a 52 week low of $18.74 and a 52 week high of $28.73.

KKR & Co Inc (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. KKR & Co Inc had a net margin of 48.08% and a return on equity of 7.25%. The company had revenue of $491.50 million during the quarter, compared to analyst estimates of $401.39 million. Analysts predict that KKR & Co Inc will post 1.87 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, November 5th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, November 2nd. This represents a $0.50 annualized dividend and a dividend yield of 2.16%. KKR & Co Inc’s dividend payout ratio (DPR) is 28.57%.

KKR & Co Inc Profile

KKR & Co L.P. 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, and middle market investments.

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Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

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