Border to Coast Pensions Partnership Ltd Acquires 55,000 Shares of KKR & Co. Inc. $KKR

by · The Markets Daily

Border to Coast Pensions Partnership Ltd grew its holdings in KKR & Co. Inc. (NYSE:KKR – Free Report) by 14.5% during the first quarter, Holdings Channel.com reports. The firm owned 435,000 shares of the asset manager’s stock after acquiring an additional 55,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in KKR & Co. Inc. were worth $40,361,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in KKR. Vanguard Group Inc. increased its stake in shares of KKR & Co. Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock valued at $7,657,034,000 after buying an additional 821,739 shares in the last quarter. Geode Capital Management LLC lifted its position in KKR & Co. Inc. by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 14,995,742 shares of the asset manager’s stock worth $1,903,220,000 after buying an additional 146,285 shares in the last quarter. Norges Bank acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $1,715,929,000. First Manhattan CO. LLC. grew its holdings in KKR & Co. Inc. by 0.8% during the 4th quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock worth $1,095,951,000 after acquiring an additional 67,441 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in KKR & Co. Inc. by 0.4% during the 4th quarter. Capital Research Global Investors now owns 5,602,262 shares of the asset manager’s stock worth $714,195,000 after acquiring an additional 23,483 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Barclays lowered their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. The Goldman Sachs Group dropped their price objective on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.53.

Check Out Our Latest Stock Analysis on KKR & Co. Inc.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $90.20 on Friday. The business’s 50-day simple moving average is $97.42 and its 200 day simple moving average is $105.50. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The stock has a market cap of $80.99 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 0.78 and a beta of 1.79. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87.

KKR & Co. Inc. (NYSE:KKR – Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The firm had revenue of $5.74 billion during the quarter. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.53 earnings per share for the current year.

KKR & Co. Inc. declared that its Board of Directors has authorized a stock buyback plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.195 per share. The ex-dividend date was Friday, May 15th. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

KKR & Co. Inc. Company Profile

(Free Report)

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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