KKR & Co. Inc. $KKR Stake Lifted by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 344.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,332,549 shares of the asset manager’s stock after acquiring an additional 1,032,705 shares during the period. Temasek Holdings Private Ltd’s holdings in KKR & Co. Inc. were worth $169,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. L2 Asset Management LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth $438,000. Cynosure Group LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth $474,000. 71 West Capital Partners acquired a new position in KKR & Co. Inc. during the 4th quarter worth $201,000. Vanguard Personalized Indexing Management LLC boosted its position in KKR & Co. Inc. by 50.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 30,309 shares of the asset manager’s stock worth $3,864,000 after acquiring an additional 10,109 shares during the period. Finally, Marnell Management LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth $1,160,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 1.8%

NYSE:KKR opened at $97.98 on Tuesday. The firm has a market capitalization of $87.98 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 0.83 and a beta of 1.80. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average price is $97.40 and its 200 day moving average price is $107.21.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The firm had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.51 earnings per share for the current fiscal year.

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

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. KKR & Co. Inc.’s payout ratio is currently 26.53%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Royal Bank Of Canada cut their price objective on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Barclays cut their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. UBS Group boosted their target price on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group cut their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.53.

About KKR & Co. Inc.

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.