Border to Coast Pensions Partnership Ltd Cuts Holdings in KKR & Co. Inc. $KKR

Key Points

• Border to Coast Pensions Partnership Ltd trimmed its KKR stake by 7.3% in Q4, selling 30,000 shares and ending the period with 380,000 shares worth about $48.53 million.
• Significant insider buying — CEO Joseph Y. Bae purchased 125,000 shares and director Timothy R. Barakett bought 50,000 shares recently; insiders purchased 393,872 shares (~$40.1M) in the last three months and now own 23.20% of the company.
• Market and analyst context: KKR has a $92.66 billion market cap, a P/E of 44.41, a 0.7% dividend yield, and a consensus analyst rating of "Moderate Buy" with an average price target of $138.07.

Border to Coast Pensions Partnership Ltd decreased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 380,000 shares of the asset manager's stock after selling 30,000 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in KKR & Co. Inc. were worth $48,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strive Asset Management LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at about $535,907,000. Viking Global Investors LP acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at about $352,038,000. Close Asset Management Ltd grew its position in shares of KKR & Co. Inc. by 4,155.1% in the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager's stock valued at $196,845,000 after purchasing an additional 1,479,688 shares during the period. Rathbones Group PLC grew its position in shares of KKR & Co. Inc. by 84.3% in the fourth quarter. Rathbones Group PLC now owns 1,500,547 shares of the asset manager's stock valued at $191,290,000 after purchasing an additional 686,175 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at about $87,443,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $103.93 on Thursday. The company's 50-day moving average price is $94.30 and its 200-day moving average price is $113.99. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The company has a market cap of $92.66 billion, a P/E ratio of 44.41, a P/E/G ratio of 0.83 and a beta of 1.93. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, February 17th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.62%.

Analysts Set New Price Targets

KKR has been the topic of several research analyst reports. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 target price on the stock in a research report on Wednesday, January 28th. Oppenheimer dropped their target price on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an "outperform" rating on the stock in a research report on Monday. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research report on Sunday, January 25th. Zacks Research lowered shares of KKR & Co. Inc. from a "hold" rating to a "strong sell" rating in a research report on Monday. Finally, BMO Capital Markets dropped their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.07.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 50,000 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the purchase, the director owned 285,000 shares in the company, valued at approximately $26,923,950. This represents a 21.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Joseph Y. Bae purchased 125,000 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the purchase, the chief executive officer owned 509,257 shares of the company's stock, valued at approximately $52,040,972.83. This represents a 32.53% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 393,872 shares of company stock valued at $40,090,679. Corporate insiders own 23.20% of the company's stock.

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.

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