Northeast Financial Consultants Inc Sells 1,850 Shares of KKR & Co. Inc. $KKR

Key Points

• Northeast Financial Consultants Inc reduced its stake in KKR & Co. Inc. by 1.3%, selling 1,850 shares during the first quarter.
• KKR recently declared a quarterly dividend of $0.185, which represents an increase from the previous quarterly dividend of $0.18.
• The company reported earnings per share of $1.18 for the last quarter, exceeding analysts' expectations of $1.14.

Northeast Financial Consultants Inc lowered its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,100 shares of the asset manager's stock after selling 1,850 shares during the quarter. KKR & Co. Inc. accounts for approximately 0.7% of Northeast Financial Consultants Inc's investment portfolio, making the stock its 26th largest position. Northeast Financial Consultants Inc's holdings in KKR & Co. Inc. were worth $16,659,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction on Thursday, August 7th. The stock was 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 owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Stock Up 2.3%

Shares of KKR opened at $138.59 on Tuesday. The firm has a market cap of $123.48 billion, a P/E ratio of 64.46, a P/E/G ratio of 1.49 and a beta of 1.93. The stock has a 50 day simple moving average of $142.01 and a two-hundred day simple moving average of $126.03. 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.

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

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were paid a $0.185 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 0.5%. KKR & Co. Inc.'s payout ratio is 34.42%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KKR. Citizens Jmp downgraded shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays boosted their price objective on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average price target of $158.07.

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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