Callan Family Office LLC Grows Holdings in KKR & Co. Inc. $KKR

Callan Family Office LLC lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 288.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,984 shares of the asset manager’s stock after buying an additional 13,353 shares during the quarter. Callan Family Office LLC’s holdings in KKR & Co. Inc. were worth $2,392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI grew its position in shares of KKR & Co. Inc. by 44.0% during the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager’s stock worth $90,078,000 after buying an additional 237,987 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of KKR & Co. Inc. by 39.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager’s stock worth $818,000 after buying an additional 2,006 shares in the last quarter. CWM LLC grew its position in shares of KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager’s stock worth $1,039,000 after buying an additional 398 shares in the last quarter. Western Financial Corp CA bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth $739,000. Finally, Ground Swell Capital LLC bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth $463,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 5.0%

KKR & Co. Inc. stock opened at $117.88 on Friday. The stock has a 50-day moving average of $138.46 and a two-hundred day moving average of $128.57. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market cap of $105.03 billion, a PE ratio of 54.83, a price-to-earnings-growth ratio of 1.28 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the business posted $1.09 earnings per share. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KKR shares. Citizens Jmp downgraded KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Weiss Ratings downgraded KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Citigroup raised their price objective on KKR & Co. Inc. from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Evercore ISI raised their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price 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.