KKR & Co. Inc. (NYSE:KKR) Shares Sold by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc cut its stake in KKR & Co. Inc. (NYSE:KKR) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,950 shares of the asset manager’s stock after selling 400 shares during the quarter. KKR & Co. Inc. comprises approximately 0.8% of Northeast Financial Consultants Inc’s investment portfolio, making the stock its 25th biggest position. Northeast Financial Consultants Inc’s holdings in KKR & Co. Inc. were worth $19,058,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Mather Group LLC. increased its position in KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. raised its position in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares during the period. Eastern Bank purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $34,000. Finally, American National Bank lifted its holdings in KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 of the company’s stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 14.29 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $158.01 on Friday. The company has a fifty day moving average of $145.35 and a two-hundred day moving average of $125.27. The company has a market capitalization of $140.35 billion, a PE ratio of 48.03, a P/E/G ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 1 year low of $74.85 and a 1 year high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate 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 business posted $0.73 EPS. As a group, analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KKR. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. TD Cowen boosted their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Evercore ISI upped their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, JMP Securities lifted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.14.

KKR & Co. Inc. Profile

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.