KKR & Co. Inc. $KKR Shares Acquired by NorthRock Partners LLC

Key Points

• NorthRock Partners LLC has increased its stake in KKR & Co. Inc. by 93.7%, owning 4,716 shares worth $628,000 as of the latest SEC filing.
• Insider activity includes Chairman George R. Roberts selling 809,906 shares for approximately $116.8 million, reducing his ownership stake by 0.99%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for KKR, with a price target averaging $156.20, following recent upgrades from several firms.

NorthRock Partners LLC increased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 93.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,716 shares of the asset manager's stock after acquiring an additional 2,281 shares during the period. NorthRock Partners LLC's holdings in KKR & Co. Inc. were worth $628,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Bank of Canada FI increased 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 buying an additional 237,987 shares during the period. Valeo Financial Advisors LLC increased 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 buying an additional 2,006 shares during the period. CWM LLC increased 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 buying an additional 398 shares during the period. Western Financial Corp CA acquired a new position in KKR & Co. Inc. during the 1st quarter valued at about $739,000. Finally, Ground Swell Capital LLC acquired a new position in KKR & Co. Inc. during the 1st quarter valued at about $463,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the firm's stock in a transaction dated 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 $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 39.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on KKR shares. Evercore ISI raised their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Piper Sandler started coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They set an "overweight" rating and a $150.00 target price on the stock. Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $156.20.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $125.82 on Wednesday. The firm's 50 day moving average is $137.63 and its 200-day moving average is $128.66. The stock has a market capitalization of $112.10 billion, a P/E ratio of 58.52, a P/E/G ratio of 1.34 and a beta of 1.91. 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 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the company posted $1.09 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were issued a $0.185 dividend. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.'s dividend payout ratio is 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.

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