Temasek Holdings Private Ltd Acquires New Shares in KKR & Co. Inc. $KKR

Key Points

• Temasek Holdings Private Ltd has acquired 183,228 shares of KKR & Co. Inc., valued at approximately $21.2 million, as part of their 1st quarter investments.
• Institutional investors and hedge funds collectively own 76.26% of KKR's stock, indicating strong confidence in the asset manager's performance.
• KKR & Co. Inc. recently announced an increase in its quarterly dividend to $0.185 per share, reflecting a boost in its annualized dividend yield to 0.5%.

Temasek Holdings Private Ltd purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 183,228 shares of the asset manager's stock, valued at approximately $21,183,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KKR. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $26,000. Saudi Central Bank bought a new stake in KKR & Co. Inc. during the 1st quarter worth about $28,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. in the 1st quarter valued at about $38,000. Finally, GW&K Investment Management LLC grew its stake in KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after buying an additional 111 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

KKR stock traded up $1.89 during midday trading on Wednesday, reaching $139.28. The company had a trading volume of 2,499,830 shares, compared to its average volume of 4,703,325. The firm has a 50-day moving average price of $142.20 and a 200-day moving average price of $126.19. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market capitalization of $124.09 billion, a P/E ratio of 64.78, a P/E/G ratio of 1.53 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the prior year, the business posted $1.09 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Barclays raised their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective on the stock. in a research note on Wednesday, July 9th. Finally, Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $158.07.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.