KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd grew its position in shares of 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 (SEC). The institutional investor owned 465,000 shares of the asset manager's stock after purchasing an additional 15,000 shares during the period. KKR & Co. Inc. makes up 1.1% of Border to Coast Pensions Partnership Ltd's portfolio, making the stock its 26th biggest holding. Border to Coast Pensions Partnership Ltd owned about 0.05% of KKR & Co. Inc. worth $53,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CNB Bank purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $295,000. Western Financial Corp CA purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $739,000. Penobscot Investment Management Company Inc. bought a new stake in shares of KKR & Co. Inc. during the 1st quarter worth $636,000. Robeco Institutional Asset Management B.V. grew its position in KKR & Co. Inc. by 6.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 108,200 shares of the asset manager's stock worth $12,509,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in KKR & Co. Inc. by 48.7% in the first quarter. Sequoia Financial Advisors LLC now owns 22,827 shares of the asset manager's stock valued at $2,639,000 after acquiring an additional 7,481 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Down 0.8%

KKR traded down $1.05 on Monday, hitting $133.24. The company had a trading volume of 3,940,036 shares, compared to its average volume of 4,219,245. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock has a fifty day simple moving average of $120.23 and a 200-day simple moving average of $129.16. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $118.67 billion, a P/E ratio of 56.22, a P/E/G ratio of 1.49 and a beta of 1.89.

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

KKR & Co. Inc. Increases Dividend

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

Insider Activity

In other news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the transaction, the chairman now owns 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. The trade was a 1.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the sale, the chairman now owns 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KKR shares. JMP Securities cut their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a report on Monday. They issued an "overweight" rating and a $150.00 price objective for the company. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Finally, Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of "Buy" and a consensus target price of $149.47.

KKR & Co. Inc. Company 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.