Northeast Financial Consultants Inc Acquires 9,400 Shares of KKR & Co. Inc. (NYSE:KKR)

Northeast Financial Consultants Inc increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,350 shares of the asset manager’s stock after purchasing an additional 9,400 shares during the period. KKR & Co. Inc. makes up 0.7% of Northeast Financial Consultants Inc’s investment portfolio, making the stock its 27th biggest holding. Northeast Financial Consultants Inc’s holdings in KKR & Co. Inc. were worth $15,402,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after buying an additional 218 shares during the last quarter. Mather Group LLC. raised its stake in shares of KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 208 shares in the last quarter. Riverview Trust Co acquired a new stake in KKR & Co. Inc. in the 1st quarter worth approximately $27,000. American National Bank boosted its position in KKR & Co. Inc. by 202.6% during the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after purchasing an additional 235 shares during the period. Finally, Y.D. More Investments Ltd acquired a new position in KKR & Co. Inc. during the second quarter valued at approximately $38,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $132.14 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The company has a 50-day moving average of $120.55 and a 200-day moving average of $108.95. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $134.85. The company has a market capitalization of $117.26 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.11 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company earned $0.58 earnings per share. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 3.99 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KKR. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Saturday, September 21st. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. The Goldman Sachs Group upped their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Barclays boosted their price objective on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.27.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction 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 transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

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.