North Star Investment Management Corp. Buys 779 Shares of KKR & Co. Inc. $KKR

North Star Investment Management Corp. boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,178 shares of the asset manager’s stock after buying an additional 779 shares during the period. KKR & Co. Inc. makes up 1.0% of North Star Investment Management Corp.’s investment portfolio, making the stock its 14th biggest holding. North Star Investment Management Corp.’s holdings in KKR & Co. Inc. were worth $14,923,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of KKR. Brighton Jones LLC grew its stake in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $218,000. Two Sigma Investments LP grew its stake in KKR & Co. Inc. by 0.8% in the 4th quarter. Two Sigma Investments LP now owns 29,558 shares of the asset manager’s stock valued at $4,372,000 after buying an additional 234 shares in the last quarter. Ameriflex Group Inc. purchased a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $46,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $50,199,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citizens Jmp lowered shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target for the company. in a research report on Wednesday, July 9th. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an “overweight” rating and a $150.00 price target for the company. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.07.

KKR & Co. Inc. Stock Down 6.2%

KKR opened at $138.13 on Thursday. The company has a fifty day moving average price of $143.38 and a 200-day moving average price of $127.47. The firm has a market capitalization of $123.07 billion, a P/E ratio of 64.25, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business earned $1.09 earnings per share. Equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.5%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

KKR & Co. Inc. 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.