KKR & Co. Inc. $KKR Shares Sold by Northside Capital Management LLC

Northside Capital Management LLC reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 24.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,743 shares of the asset manager’s stock after selling 11,325 shares during the period. Northside Capital Management LLC’s holdings in KKR & Co. Inc. were worth $4,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Southeast Asset Advisors LLC lifted its holdings in shares of KKR & Co. Inc. by 0.3% in the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after acquiring an additional 68 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock worth $78,000 after purchasing an additional 72 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after buying an additional 75 shares during the period. Berbice Capital Management LLC boosted its position in shares of KKR & Co. Inc. by 3.5% during the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock worth $293,000 after buying an additional 75 shares during the period. Finally, Foundations Investment Advisors LLC grew its stake in shares of KKR & Co. Inc. by 3.7% in the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock valued at $317,000 after buying an additional 84 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 1.0%

NYSE:KKR opened at $133.48 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a market cap of $118.98 billion, a P/E ratio of 56.56, a P/E/G ratio of 1.45 and a beta of 2.00. The stock has a 50-day simple moving average of $122.90 and a 200-day simple moving average of $132.08.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same quarter in the previous year, the business earned $1.38 earnings per share. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Cowen decreased their target price on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Citigroup dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. Finally, UBS Group assumed coverage on KKR & Co. Inc. in a research report on Thursday, December 11th. They set a “buy” rating and a $176.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $158.79.

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.