Border to Coast Pensions Partnership Ltd Has $53.76 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Border to Coast Pensions Partnership Ltd grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 465,000 shares of the asset manager's stock after acquiring an additional 15,000 shares during the quarter. KKR & Co. Inc. accounts for about 1.1% of Border to Coast Pensions Partnership Ltd's holdings, making the stock its 26th largest position. Border to Coast Pensions Partnership Ltd owned 0.05% of KKR & Co. Inc. worth $53,759,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in KKR & Co. Inc. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after purchasing an additional 441,817 shares during the period. Geode Capital Management LLC lifted its holdings in shares of KKR & Co. Inc. by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after acquiring an additional 458,048 shares during the period. FMR LLC boosted its position in shares of KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after acquiring an additional 752,056 shares in the last quarter. Norges Bank bought a new stake in KKR & Co. Inc. in the fourth quarter valued at about $1,435,314,000. Finally, Nuveen Asset Management LLC increased its stake in KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after acquiring an additional 3,391,581 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Analysts Set New Price Targets

KKR has been the subject of a number of analyst reports. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their price target for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. TD Cowen cut their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their price target on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Barclays upped their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $149.43.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $137,826,186.20. Following the completion of the sale, the chairman now directly owns 73,006,022 shares of the company's stock, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Up 2.5%

NYSE:KKR opened at $132.10 on Friday. The stock's fifty day moving average price is $119.61 and its two-hundred day moving average price is $129.65. The company has a market cap of $117.65 billion, a price-to-earnings ratio of 55.74, a P/E/G ratio of 1.43 and a beta of 1.89. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.97 earnings per share. The company's revenue was down 67.8% on a year-over-year basis. On average, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a $0.185 dividend. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is currently 31.22%.

About KKR & Co. Inc.

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.

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