2,903 Shares in KKR & Co. Inc. (NYSE:KKR) Purchased by Northside Capital Management LLC

Northside Capital Management LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKRFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,903 shares of the asset manager’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also modified their holdings of KKR. T. Rowe Price Investment Management Inc. boosted its holdings in shares of KKR & Co. Inc. by 54.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock worth $1,209,457,000 after buying an additional 9,192,928 shares during the period. Norges Bank bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $258,688,000. Wellington Management Group LLP boosted its holdings in KKR & Co. Inc. by 297.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock valued at $312,469,000 after purchasing an additional 3,794,837 shares during the period. Renaissance Technologies LLC bought a new stake in KKR & Co. Inc. in the 1st quarter valued at about $135,437,000. Finally, Samlyn Capital LLC bought a new stake in KKR & Co. Inc. in the 1st quarter valued at about $104,737,000. Institutional investors own 54.97% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the acquisition, the insider now directly owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Down 0.1 %

NYSE:KKR opened at $96.70 on Friday. The firm has a market cap of $85.58 billion, a P/E ratio of 23.70, a P/E/G ratio of 0.84 and a beta of 1.62. KKR & Co. Inc. has a 52 week low of $47.46 and a 52 week high of $101.80. The firm’s fifty day moving average is $91.40 and its 200-day moving average is $75.76. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. Equities analysts expect that KKR & Co. Inc. will post 4.65 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 16.18%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KKR. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $91.00 to $94.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. The Goldman Sachs Group upped their price target on shares of KKR & Co. Inc. from $79.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, November 30th. Morgan Stanley upped their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Keefe, Bruyette & Woods upped their price target on shares of KKR & Co. Inc. from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Finally, JMP Securities upped their price target on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $82.60.

View Our Latest Stock Report on KKR

About KKR & Co. Inc.

(Free Report)

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

See Also

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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