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

F M Investments LLC reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 25.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,355 shares of the asset manager’s stock after selling 18,200 shares during the period. KKR & Co. Inc. accounts for about 2.6% of F M Investments LLC’s investment portfolio, making the stock its 10th largest holding. F M Investments LLC’s holdings in KKR & Co. Inc. were worth $4,503,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KKR. Wellington Management Group LLP lifted its position in KKR & Co. Inc. by 297.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock valued at $312,469,000 after acquiring an additional 3,794,837 shares during the period. Vanguard Group Inc. lifted its stake in shares of KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after buying an additional 475,118 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of KKR & Co. Inc. by 215.5% in the fourth quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager’s stock worth $28,242,000 after buying an additional 232,821 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $14,838,000. Finally, Factory Mutual Insurance Co. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $14,084,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Barclays upped their target price on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. JMP Securities increased their price objective 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. Finally, TD Cowen increased their price objective on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.64.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares in the company, valued at approximately $10,705,719.46. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded up $3.53 during midday trading on Tuesday, reaching $98.00. The stock had a trading volume of 3,025,256 shares, compared to its average volume of 3,452,249. The stock has a 50-day moving average of $97.59 and a 200-day moving average of $82.71. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $86.73 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $995.64 million. As a group, research analysts anticipate that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.67%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 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.