Estuary Capital Management LP Invests $20.11 Million in KKR & Co. Inc. $KKR

Estuary Capital Management LP acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 217,370 shares of the asset manager’s stock, valued at approximately $20,107,000. KKR & Co. Inc. comprises 3.4% of Estuary Capital Management LP’s investment portfolio, making the stock its 16th largest holding.

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

Trending Headlines about 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

Insider Activity

In other news, EVP Yael Cosset sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total value of $1,764,000.00. Following the transaction, the executive vice president owned 127,868 shares in the company, valued at approximately $7,518,638.40. This trade represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lowered their price target on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Oppenheimer cut their price objective on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Barclays raised their price objective on KKR & Co. Inc. from $122.00 to $124.00 and gave the company an “overweight” rating in a report on Friday, July 10th. HSBC boosted their target price on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $128.08.

KKR & Co. Inc. Stock Up 2.4%

KKR opened at $101.76 on Tuesday. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month 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 50-day moving average price is $95.42 and its 200-day moving average price is $99.96. The company has a market cap of $91.37 billion, a P/E ratio of 34.61, a P/E/G ratio of 0.84 and a beta of 1.79.

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

KKR & Co. Inc. declared that its board has initiated a share repurchase plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s payout ratio is currently 26.53%.

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.