Calamos Wealth Management LLC Sells 2,072 Shares of KKR & Co. Inc. (NYSE:KKR)

Calamos Wealth Management LLC lessened its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 52.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,846 shares of the asset manager's stock after selling 2,072 shares during the period. Calamos Wealth Management LLC's holdings in KKR & Co. Inc. were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $50,199,000. Arete Wealth Advisors LLC increased its holdings in KKR & Co. Inc. by 44.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after acquiring an additional 2,749 shares during the period. Jupiter Asset Management Ltd. increased its holdings in KKR & Co. Inc. by 50.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after acquiring an additional 38,524 shares during the period. Finally, Systematic Alpha Investments LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth $423,000. Institutional investors own 76.26% of the company's stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman directly owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider directly owned 13,260,971 shares of the company's stock, valued at approximately $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,471,488 shares of company stock worth $501,529,092 over the last ninety days. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Trading Up 3.0%

Shares of KKR opened at $138.63 on Friday. The stock has a market capitalization of $123.46 billion, a P/E ratio of 58.49, a PEG ratio of 1.54 and a beta of 1.88. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $123.10 and a two-hundred day simple moving average of $128.86. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The firm's revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Bank of America reduced their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Citigroup reduced their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $149.47.

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.

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