Temasek Holdings Private Ltd Acquires 2,190,248 Shares of KKR & Co. Inc. $KKR

Temasek Holdings Private Ltd raised its holdings in KKR & Co. Inc. (NYSE:KKRFree Report) by 164.4% in the first quarter, Holdings Channel.com reports. The fund owned 3,522,797 shares of the asset manager’s stock after acquiring an additional 2,190,248 shares during the quarter. KKR & Co. Inc. makes up about 1.1% of Temasek Holdings Private Ltd’s investment portfolio, making the stock its 19th largest position. Temasek Holdings Private Ltd’s holdings in KKR & Co. Inc. were worth $325,859,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Border to Coast Pensions Partnership Ltd raised its stake in shares of KKR & Co. Inc. by 14.5% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock valued at $40,361,000 after buying an additional 55,000 shares in the last quarter. Third View Private Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $3,126,000. Concurrent Investment Advisors LLC boosted its position in shares of KKR & Co. Inc. by 125.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock valued at $2,515,000 after acquiring an additional 10,982 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in KKR & Co. Inc. by 152.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock valued at $22,182,000 after acquiring an additional 105,070 shares during the period. Finally, Brookstone Capital Management increased its stake in KKR & Co. Inc. by 26.6% in the fourth quarter. Brookstone Capital Management now owns 125,779 shares of the asset manager’s stock valued at $16,034,000 after acquiring an additional 26,401 shares during the period. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KKR. Royal Bank Of Canada dropped their price target on shares of KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Piper Sandler decreased their price objective on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. UBS Group upped their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. BMO Capital Markets dropped their target price on KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, Keefe, Bruyette & Woods upgraded KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.08.

View Our Latest Report on KKR

Insiders Place Their Bets

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of the company’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the sale, the executive vice president directly owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. This represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Stock Up 0.1%

Shares of NYSE:KKR opened at $97.04 on Wednesday. The company’s fifty day moving average is $95.37 and its 200-day moving average is $100.90. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The company has a market capitalization of $87.13 billion, a PE ratio of 33.01, a P/E/G ratio of 0.82 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. Equities research analysts predict that KKR & Co. Inc. will post 5.54 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.195 per share. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s payout ratio is currently 26.53%.

KKR & Co. Inc. declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

KKR & Co. Inc. Profile

(Free Report)

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.

See Also

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

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