Estuary Capital Management LP Makes New $20.11 Million Investment in KKR & Co. Inc. $KKR

Estuary Capital Management LP acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 1st quarter, HoldingsChannel reports. The firm acquired 217,370 shares of the asset manager’s stock, valued at approximately $20,107,000. KKR & Co. Inc. makes up 3.4% of Estuary Capital Management LP’s portfolio, making the stock its 16th largest position.

Several other hedge funds have also recently made changes to their positions in KKR. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $27,000. Elyxium Wealth LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth $27,000. SouthState Bank Corp lifted its position in shares of KKR & Co. Inc. by 185.0% in the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after purchasing an additional 148 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $29,000. Finally, MV Capital Management Inc. purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $31,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Yael Cosset sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the sale, the executive vice president directly owned 127,868 shares of the company’s stock, valued at $7,518,638.40. The trade was a 19.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Stock Up 2.4%

NYSE:KKR opened at $101.76 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The firm’s 50-day moving average price is $95.42 and its 200-day moving average price is $99.96. The company has a market capitalization of $91.37 billion, a PE ratio of 34.61, a P/E/G ratio of 0.84 and a beta of 1.79. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87.

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

KKR & Co. Inc. announced that its board has approved a share repurchase program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.195 per share. The ex-dividend date was Friday, May 15th. 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 dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 26.53%.

Key Headlines Impacting KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: KKR joined Blackstone and Brookfield in a roughly $16 billion agreement with Kuwait to lease and operate the country’s oil pipeline network. The transaction strengthens KKR’s energy-infrastructure portfolio and may support long-term management fees and investment returns. Blackstone, Brookfield and KKR sign $16 billion deal with Kuwait for oil pipeline network
• Positive Sentiment: KKR and Energy Capital Partners agreed to acquire Ireland-based DCC Energy for approximately $7.7 billion (about £5.75 billion). DCC’s board unanimously recommended the improved offer, giving KKR another sizable energy and infrastructure investment opportunity. Ireland’s DCC Energy agrees $7.7 billion takeover by KKR and Energy Capital
• Positive Sentiment: Analysts expect KKR’s second-quarter results to reflect higher assets under management, management fees and revenue. Strong fundraising, investment activity and fee-generating capital would reinforce the firm’s growth outlook. KKR & Co.’s Q2 Earnings Coming Up: Here’s What You Should Know
• Neutral Sentiment: Wall Street’s quarterly projections point investors toward key operating metrics beyond headline revenue and earnings. The July 30 report will be important for confirming whether recent deal activity is translating into fee growth and realizations. Insights Into KKR Q2 Wall Street Projections for Key Metrics
• Negative Sentiment: Higher expenses could limit the benefit of stronger AUM, management fees and revenue in the second quarter. Investors will also assess how KKR finances its new commitments and whether transaction costs weigh on near-term earnings. KKR Q2 earnings preview

Wall Street Analyst Weigh In

KKR has been the topic of several research analyst reports. UBS Group boosted their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group reduced their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.08.

KKR & Co. Inc. Company 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.