KKR & Co. Inc. (NYSE:KKR) is F M Investments LLC’s 10th Largest Position

F M Investments LLC decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,355 shares of the asset manager’s stock after selling 18,200 shares during the quarter. KKR & Co. Inc. comprises about 2.6% of F M Investments LLC’s portfolio, making the stock its 10th biggest holding. F M Investments LLC’s holdings in KKR & Co. Inc. were worth $4,503,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Dynamic Advisor Solutions LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $207,000. AE Wealth Management LLC lifted its position in KKR & Co. Inc. by 1.2% in the third quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after buying an additional 168 shares during the last quarter. Global Retirement Partners LLC lifted its position in KKR & Co. Inc. by 14.2% in the third quarter. Global Retirement Partners LLC now owns 1,812 shares of the asset manager’s stock valued at $108,000 after buying an additional 226 shares during the last quarter. HB Wealth Management LLC lifted its position in KKR & Co. Inc. by 4.9% in the third quarter. HB Wealth Management LLC now owns 6,050 shares of the asset manager’s stock valued at $373,000 after buying an additional 284 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at about $493,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on KKR shares. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. JMP Securities upped their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. TD Cowen upped their target price on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Barclays upped their target price on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $90.64.

Insider Buying and Selling

In other news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now directly owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 3.7 %

Shares of KKR stock traded up $3.53 during trading hours on Tuesday, reaching $98.00. 3,025,256 shares of the stock were exchanged, compared to its average volume of 3,452,249. The business’s fifty day moving average is $97.59 and its two-hundred day moving average is $82.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48. The firm has a market capitalization of $86.73 billion, a P/E ratio of 24.02, a P/E/G ratio of 0.85 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. As a group, research analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. KKR & Co. Inc.’s payout ratio is 16.18%.

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.