Firethorn Wealth Partners LLC Sells 697 Shares of KKR & Co. Inc. $KKR

Firethorn Wealth Partners LLC decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 10.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,028 shares of the asset manager’s stock after selling 697 shares during the period. Firethorn Wealth Partners LLC’s holdings in KKR & Co. Inc. were worth $802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clarius Group LLC increased its stake in shares of KKR & Co. Inc. by 23.4% during the second quarter. Clarius Group LLC now owns 4,778 shares of the asset manager’s stock valued at $636,000 after purchasing an additional 906 shares in the last quarter. Sava Infond d.o.o. increased its stake in shares of KKR & Co. Inc. by 16.1% during the second quarter. Sava Infond d.o.o. now owns 18,045 shares of the asset manager’s stock valued at $2,401,000 after purchasing an additional 2,500 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of KKR & Co. Inc. by 11.7% during the second quarter. QRG Capital Management Inc. now owns 52,372 shares of the asset manager’s stock valued at $6,967,000 after purchasing an additional 5,494 shares in the last quarter. Segment Wealth Management LLC increased its stake in shares of KKR & Co. Inc. by 23.3% during the second quarter. Segment Wealth Management LLC now owns 12,295 shares of the asset manager’s stock valued at $1,636,000 after purchasing an additional 2,320 shares in the last quarter. Finally, Consilium Wealth Advisory LLC increased its stake in shares of KKR & Co. Inc. by 109.2% during the second quarter. Consilium Wealth Advisory LLC now owns 9,301 shares of the asset manager’s stock valued at $1,237,000 after purchasing an additional 4,855 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several 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 research report on Monday, July 14th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an “overweight” rating and a $150.00 price target for the company. Evercore ISI raised their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Saturday, September 27th. Finally, Oppenheimer raised their price target on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $157.40.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 2.3%

Shares of KKR stock opened at $127.51 on Friday. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $140.96 and its 200 day moving average is $128.42. The stock has a market capitalization of $113.61 billion, a P/E ratio of 59.31, a P/E/G ratio of 1.40 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $1.09 earnings per share. Research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. Company 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.