Partners Group Holding AG Has $57.18 Million Stock Holdings in KKR & Co. Inc. $KKR

Key Points

• Partners Group Holding AG increased its holdings in KKR & Co. Inc. by 32.6% during the first quarter, now owning 494,616 shares valued at approximately $57.2 million.
• A recent insider transaction saw Chairman George R. Roberts sell over 1.19 million shares valued at about $142.6 million, reducing his ownership stake by 1.43%.
• KKR & Co. Inc. announced a quarterly dividend increase to $0.185 per share, reflecting a 0.5% annualized yield, with the payout ratio at 34.42%.

Partners Group Holding AG lifted its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 32.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 494,616 shares of the asset manager's stock after purchasing an additional 121,564 shares during the quarter. KKR & Co. Inc. accounts for approximately 2.4% of Partners Group Holding AG's investment portfolio, making the stock its 8th biggest holding. Partners Group Holding AG owned 0.06% of KKR & Co. Inc. worth $57,183,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KKR. Vanguard Group Inc. increased its stake in KKR & Co. Inc. by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock valued at $6,654,245,000 after buying an additional 870,176 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. Nuveen LLC bought a new position in shares of KKR & Co. Inc. in the 1st quarter valued at about $844,137,000. Nuveen Asset Management LLC increased its position in shares of KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after acquiring an additional 3,391,581 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of KKR & Co. Inc. by 10.8% in the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock valued at $909,741,000 after acquiring an additional 600,696 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of analyst reports. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a report on Wednesday, July 9th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price on the stock. Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Evercore ISI increased their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.73.

KKR & Co. Inc. Trading Down 0.7%

NYSE:KKR traded down $0.9490 during mid-day trading on Wednesday, hitting $138.0010. 2,639,152 shares of the company's stock were exchanged, compared to its average volume of 4,854,313. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $122.95 billion, a P/E ratio of 64.19, a PEG ratio of 1.52 and a beta of 1.87. The company has a 50 day simple moving average of $138.45 and a 200-day simple moving average of $126.70.

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

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is 34.42%.

Insider Activity

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the sale, the chairman owned 73,006,022 shares of the company's stock, valued at approximately $8,882,642,696.74. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Barakett purchased 35,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the acquisition, the director owned 185,000 shares in the company, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 3,281,394 shares of company stock valued at $413,158,033. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. 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.