Tema Etfs LLC Acquires New Shares in KKR & Co. Inc. $KKR

Tema Etfs LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,738 shares of the asset manager’s stock, valued at approximately $1,395,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new stake in shares of KKR & Co. Inc. during the second quarter worth about $28,000. Pineridge Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at approximately $31,000. Salomon & Ludwin LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $36,000. DiNuzzo Private Wealth Inc. increased its stake in KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after purchasing an additional 245 shares in the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new stake in KKR & Co. Inc. during the 2nd quarter worth approximately $56,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KKR. TD Cowen reduced their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a report on Monday, November 10th. Oppenheimer cut their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. BMO Capital Markets started coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 target price for the company. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 7th. Finally, UBS Group began coverage on KKR & Co. Inc. in a report on Thursday, December 11th. They issued a “buy” rating and a $176.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.07.

KKR & Co. Inc. Stock Down 0.4%

KKR & Co. Inc. stock opened at $134.08 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a fifty day simple moving average of $126.84 and a 200 day simple moving average of $133.11. The company has a market cap of $119.51 billion, a P/E ratio of 56.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same period in the prior year, the business posted $1.38 EPS. Research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is 31.36%.

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.