Northside Capital Management LLC Sells 515 Shares of KKR & Co. Inc. (NYSE:KKR)

Northside Capital Management LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,388 shares of the asset manager’s stock after selling 515 shares during the period. Northside Capital Management LLC’s holdings in KKR & Co. Inc. were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its holdings in shares of KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after purchasing an additional 2,133,290 shares during the last quarter. APG Asset Management N.V. bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth about $154,468,000. Hsbc Holdings PLC grew its stake in KKR & Co. Inc. by 315.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock valued at $124,623,000 after buying an additional 895,891 shares during the last quarter. Ensign Peak Advisors Inc raised its holdings in KKR & Co. Inc. by 317.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock valued at $97,474,000 after acquiring an additional 704,091 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in KKR & Co. Inc. by 3,757.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock valued at $72,199,000 after acquiring an additional 538,573 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 4.8 %

Shares of KKR & Co. Inc. stock opened at $150.50 on Thursday. The company has a market capitalization of $133.68 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 0.84 and a beta of 1.66. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $80.20 and a 12-month high of $163.68. The firm’s 50-day moving average price is $152.33 and its two-hundred day moving average price is $133.73.

KKR & Co. Inc. (NYSE:KKR) last issued 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 analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter last year, the company posted $0.73 EPS. On average, analysts forecast that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JMP Securities boosted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Evercore ISI upped 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. Citigroup increased their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. HSBC started coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.