Northside Capital Management LLC Boosts Stock Position in KKR & Co. Inc. $KKR

Key Points

• Northside Capital Management LLC greatly increased its stake in KKR & Co. Inc. by 1,871% during the 2nd quarter, acquiring 44,680 additional shares, bringing its total holdings to 47,068 shares valued at $6,261,000.
• KKR & Co. Inc. reported $1.18 earnings per share (EPS) for the last quarter, exceeding analyst estimates of $1.14, along with revenue of $1.86 billion, surpassing expectations as well.
• The firm announced a quarterly dividend of $0.185 per share, representing an increase from the previous dividend and a yield of 0.5% with a payout ratio of 34.42%.

Northside Capital Management LLC increased its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1,871.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,068 shares of the asset manager's stock after buying an additional 44,680 shares during the period. Northside Capital Management LLC's holdings in KKR & Co. Inc. were worth $6,261,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $50,199,000. National Bank of Canada FI boosted its stake in KKR & Co. Inc. by 44.0% during the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock valued at $90,078,000 after purchasing an additional 237,987 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in KKR & Co. Inc. by 39.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock valued at $818,000 after purchasing an additional 2,006 shares during the last quarter. Finally, CWM LLC boosted its stake in KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager's stock valued at $1,039,000 after purchasing an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $147.21 on Wednesday. The firm has a market capitalization of $131.15 billion, a PE ratio of 68.47, 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 1-year low of $86.15 and a 1-year high of $170.40. The company's fifty day moving average price is $143.48 and its 200-day moving average price is $127.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, August 11th. 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. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KKR shares. Barclays increased their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. JMP Securities reiterated a "market perform" rating and issued a $150.00 price target on shares of KKR & Co. Inc. in a research note on Monday, July 14th. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective for the company. in a research report on Wednesday, July 9th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.07.

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 dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.34% of the company's stock.

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.

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