CFM Wealth Partners LLC Decreases Holdings in KKR & Co. Inc. (NYSE:KKR)

CFM Wealth Partners LLC trimmed its holdings in KKR & Co. Inc. (NYSE:KKR) by 20.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,148 shares of the asset manager’s stock after selling 4,507 shares during the quarter. CFM Wealth Partners LLC’s holdings in KKR & Co. Inc. were worth $2,239,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Swedbank AB raised its position in shares of KKR & Co. Inc. by 10.6% in the third quarter. Swedbank AB now owns 72,374 shares of the asset manager’s stock valued at $9,451,000 after buying an additional 6,942 shares during the last quarter. Creative Planning increased its position in KKR & Co. Inc. by 14.9% during the third quarter. Creative Planning now owns 69,127 shares of the asset manager’s stock worth $9,027,000 after purchasing an additional 8,964 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth about $221,000. Sapient Capital LLC increased its position in KKR & Co. Inc. by 0.7% during the third quarter. Sapient Capital LLC now owns 358,132 shares of the asset manager’s stock worth $46,765,000 after purchasing an additional 2,550 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth about $31,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on KKR. Redburn Atlantic began 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. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Citigroup lifted their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

KKR & Co. Inc. Trading Down 0.5 %

NYSE KKR opened at $135.80 on Wednesday. The firm has a 50 day simple moving average of $124.61 and a 200-day simple moving average of $111.96. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $137.80. The firm has a market cap of $120.51 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.14 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.58 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company 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. The ex-dividend date was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.52%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

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.