Border to Coast Pensions Partnership Ltd Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Border to Coast Pensions Partnership Ltd increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 450,000 shares of the asset manager’s stock after purchasing an additional 5,000 shares during the period. KKR & Co. Inc. accounts for 1.3% of Border to Coast Pensions Partnership Ltd’s holdings, making the stock its 21st biggest holding. Border to Coast Pensions Partnership Ltd owned about 0.05% of KKR & Co. Inc. worth $66,515,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KKR. Empirical Asset Management LLC boosted its position in KKR & Co. Inc. by 59.2% during the 4th quarter. Empirical Asset Management LLC now owns 16,443 shares of the asset manager’s stock valued at $2,432,000 after acquiring an additional 6,112 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of KKR & Co. Inc. by 28.1% during the 4th quarter. Ritholtz Wealth Management now owns 2,878 shares of the asset manager’s stock worth $426,000 after purchasing an additional 631 shares during the last quarter. Tallon Kerry Patrick bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $207,000. Gateway Investment Advisers LLC boosted its position in KKR & Co. Inc. by 4.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 51,788 shares of the asset manager’s stock valued at $7,660,000 after purchasing an additional 2,169 shares in the last quarter. Finally, Mirador Capital Partners LP grew its stake in KKR & Co. Inc. by 1.4% in the fourth quarter. Mirador Capital Partners LP now owns 94,412 shares of the asset manager’s stock valued at $13,964,000 after purchasing an additional 1,319 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $153.19 on Friday. The business has a fifty day moving average of $152.38 and a two-hundred day moving average of $133.87. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $136.07 billion, a P/E ratio of 46.56, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. KKR & Co. Inc. has a one year low of $80.48 and a one year high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Analyst Ratings Changes

KKR has been the subject of several analyst reports. JMP Securities increased their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. TD Cowen increased their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI lifted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $159.07.

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.