North Star Investment Management Corp. Lowers Position in KKR & Co. Inc. (NYSE:KKR)

North Star Investment Management Corp. reduced its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,576 shares of the asset manager's stock after selling 7,163 shares during the quarter. KKR & Co. Inc. accounts for 1.3% of North Star Investment Management Corp.'s portfolio, making the stock its 12th largest position. North Star Investment Management Corp.'s holdings in KKR & Co. Inc. were worth $18,748,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Norden Group LLC acquired a new stake in KKR & Co. Inc. during the first quarter valued at approximately $336,000. Private Advisor Group LLC lifted its stake in shares of KKR & Co. Inc. by 2.9% in the 1st quarter. Private Advisor Group LLC now owns 14,228 shares of the asset manager's stock valued at $1,431,000 after purchasing an additional 399 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in KKR & Co. Inc. by 42.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager's stock worth $4,206,000 after buying an additional 12,504 shares during the period. Janney Montgomery Scott LLC raised its stake in KKR & Co. Inc. by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager's stock worth $10,113,000 after buying an additional 6,406 shares during the period. Finally, Capstone Investment Advisors LLC bought a new position in KKR & Co. Inc. during the 1st quarter worth about $252,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 1.6 %

Shares of KKR traded up $2.18 during trading hours on Tuesday, reaching $138.99. 3,179,859 shares of the company traded hands, compared to its average volume of 4,298,259. KKR & Co. Inc. has a 12 month low of $58.94 and a 12 month high of $147.15. The company has a market capitalization of $123.35 billion, a price-to-earnings ratio of 42.06, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61. The company's fifty day moving average price is $130.73 and its two-hundred day moving average price is $116.00. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.86%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the company earned $0.73 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th will be paid a $0.175 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. KKR & Co. Inc.'s dividend payout ratio is presently 21.28%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several analyst reports. Evercore ISI raised their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. HSBC assumed coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a "buy" rating and a $148.00 price target for the company. Finally, Barclays lifted their price objective on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $151.64.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company's stock.

About KKR & Co. Inc.

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.