North Star Investment Management Corp. Has $9.21 Million Position in KKR & Co. Inc. $KKR

North Star Investment Management Corp. lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 8.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,561 shares of the asset manager’s stock after selling 9,402 shares during the period. North Star Investment Management Corp.’s holdings in KKR & Co. Inc. were worth $9,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of KKR & Co. Inc. by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock worth $7,657,034,000 after acquiring an additional 821,739 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 14,995,742 shares of the asset manager’s stock worth $1,903,220,000 after acquiring an additional 146,285 shares during the period. Norges Bank bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $1,715,929,000. First Manhattan CO. LLC. lifted its position in KKR & Co. Inc. by 0.8% in the 4th quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock valued at $1,095,951,000 after acquiring an additional 67,441 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in KKR & Co. Inc. by 0.4% in the 4th quarter. Capital Research Global Investors now owns 5,602,262 shares of the asset manager’s stock worth $714,195,000 after purchasing an additional 23,483 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 0.1%

KKR & Co. Inc. stock opened at $90.20 on Monday. The company has a market cap of $80.99 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The company has a fifty day simple moving average of $97.42 and a 200 day simple moving average of $105.33. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The firm had revenue of $5.74 billion for the quarter. Research analysts anticipate that KKR & Co. Inc. will post 5.53 earnings per share for the current fiscal year.

KKR & Co. Inc. announced that its board has initiated a stock repurchase program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to buy up to 0.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.195 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 26.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KKR shares. Barclays lowered their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Oppenheimer cut their price target on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Royal Bank Of Canada decreased their price objective on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Finally, Morgan Stanley dropped their target price on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $134.53.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.