CFM Wealth Partners LLC Has $4.14 Million Position in KKR & Co. Inc. $KKR

Key Points

• CFM Wealth Partners LLC increased its stake in KKR & Co. Inc. by 10.4%, bringing its total shares to 31,142 and valued at approximately $4.14 million as of the latest SEC filing.
• Chairman George R. Roberts sold 809,906 shares for over $116.8 million, resulting in a slight decrease to his ownership position, which remains substantial at over $11.7 billion.
• KKR & Co. Inc. recently announced an increased quarterly dividend, rising from $0.18 to $0.185, reflecting a commitment to shareholder returns.

CFM Wealth Partners LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,142 shares of the asset manager's stock after purchasing an additional 2,927 shares during the quarter. CFM Wealth Partners LLC's holdings in KKR & Co. Inc. were worth $4,143,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Bruce G. Allen Investments LLC increased its position in KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager's stock worth $78,000 after acquiring an additional 72 shares during the period. PFG Advisors increased its position in KKR & Co. Inc. by 4.5% during the first quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock worth $239,000 after acquiring an additional 90 shares during the period. Chemistry Wealth Management LLC increased its position in KKR & Co. Inc. by 0.7% during the second quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager's stock worth $1,628,000 after acquiring an additional 90 shares during the period. Wealthcare Advisory Partners LLC increased its position in KKR & Co. Inc. by 0.8% during the second quarter. Wealthcare Advisory Partners LLC now owns 11,117 shares of the asset manager's stock worth $1,479,000 after acquiring an additional 91 shares during the period. Finally, First Bank & Trust increased its position in KKR & Co. Inc. by 1.3% during the first quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock worth $858,000 after acquiring an additional 98 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction on 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 sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 0.7%

Shares of KKR & Co. Inc. stock opened at $126.79 on Tuesday. The firm has a market capitalization of $112.96 billion, a PE ratio of 58.97, a price-to-earnings-growth ratio of 1.40 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. The company's fifty day moving average price is $140.45 and its two-hundred day moving average price is $128.58. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating 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 the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company earned $1.09 EPS. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a $0.185 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KKR. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays boosted their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Citigroup boosted their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of KKR & Co. Inc. in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.40.

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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