Border to Coast Pensions Partnership Ltd Sells 5,000 Shares of KKR & Co. Inc. $KKR

Key Points

• Border to Coast Pensions Partnership Ltd reduced its stake in KKR & Co. Inc. by 1.1%, now holding 460,000 shares valued at approximately $61.2 million, making it the pension fund's 26th largest holding.
• KKR & Co. Inc. reported earnings of $1.18 per share for the last quarter, surpassing analysts' expectations of $1.14, and generated revenues of $1.86 billion.
• The firm announced a quarterly dividend increase to $0.185 per share, reflecting a positive change from the previous dividend of $0.18 and demonstrating a payout ratio of 34.42%.

Border to Coast Pensions Partnership Ltd lessened its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 460,000 shares of the asset manager's stock after selling 5,000 shares during the period. KKR & Co. Inc. comprises about 1.1% of Border to Coast Pensions Partnership Ltd's investment portfolio, making the stock its 26th largest position. Border to Coast Pensions Partnership Ltd owned approximately 0.05% of KKR & Co. Inc. worth $61,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Saudi Central Bank bought a new stake in KKR & Co. Inc. in the first quarter valued at about $28,000. Mascagni Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at approximately $38,000. GW&K Investment Management LLC lifted its stake in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after purchasing an additional 111 shares during the last quarter. Finally, SouthState Corp bought a new position in KKR & Co. Inc. during the first quarter worth $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the sale, the chairman directly owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KKR shares. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Barclays lifted their price objective on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, JMP Securities restated a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Price Performance

KKR stock traded down $0.03 during trading on Tuesday, hitting $146.93. The company had a trading volume of 2,066,019 shares, compared to its average volume of 4,647,276. The company has a market cap of $130.90 billion, a P/E ratio of 68.36, a P/E/G ratio of 1.64 and a beta of 1.93. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average price of $143.27 and a two-hundred day moving average price of $127.26. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter last year, the business posted $1.09 earnings per share. Equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 34.42%.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.