Temasek Holdings Private Ltd Boosts Holdings in KKR & Co. Inc. $KKR

Temasek Holdings Private Ltd lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 98.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,844 shares of the asset manager’s stock after purchasing an additional 148,721 shares during the period. Temasek Holdings Private Ltd’s holdings in KKR & Co. Inc. were worth $38,965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KKR. Norges Bank purchased a new stake in KKR & Co. Inc. during the 2nd quarter worth $1,530,419,000. Strive Asset Management LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter valued at about $535,907,000. Close Asset Management Ltd boosted its position in KKR & Co. Inc. by 4,155.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock valued at $196,845,000 after buying an additional 1,479,688 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of KKR & Co. Inc. by 454.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock valued at $183,760,000 after acquiring an additional 1,132,046 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of KKR & Co. Inc. by 1.9% during the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock valued at $7,803,135,000 after acquiring an additional 1,099,263 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other news, CEO Scott C. Nuttall acquired 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the purchase, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. This represents a 0.81% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy R. Barakett bought 50,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 4th. The shares were purchased at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the acquisition, the director owned 285,000 shares in the company, valued at $26,923,950. The trade was a 21.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 393,872 shares of company stock valued at $40,090,679 in the last three months. Corporate insiders own 23.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on KKR shares. Royal Bank Of Canada initiated coverage on KKR & Co. Inc. in a research note on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price target on the stock. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Finally, Oppenheimer reduced their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $151.80.

KKR & Co. Inc. Price Performance

KKR opened at $85.97 on Friday. The company has a market capitalization of $76.65 billion, a P/E ratio of 36.74, a PEG ratio of 0.61 and a beta of 2.01. The company has a 50-day moving average of $109.11 and a 200-day moving average of $122.01. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is currently 31.62%.

KKR & Co. Inc. Profile

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.