Callan Family Office LLC Purchases New Shares in KKR & Co. Inc. $KKR

Key Points

• Callan Family Office LLC purchased 11,317 KKR shares worth approximately $1.04 million in the second quarter, while institutional investors collectively own 76.26% of the stock.
• KKR reported quarterly earnings of $1.63 per share, exceeding analyst estimates of $1.43, with revenue of $5.73 billion versus expectations of $2.55 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $127.75 price target; KKR also authorized a $500 million share-repurchase program and pays a $0.195 quarterly dividend.

Callan Family Office LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,317 shares of the asset manager's stock, valued at approximately $1,039,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Washington Trust Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $27,000. SouthState Bank Corp grew its position in KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock worth $29,000 after acquiring an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in KKR & Co. Inc. in the fourth quarter worth about $29,000. Finally, MV Capital Management Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $31,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

KKR stock opened at $107.29 on Tuesday. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $100.27 and a 200 day moving average price of $97.53. The stock has a market cap of $96.31 billion, a PE ratio of 34.17, a P/E/G ratio of 0.92 and a beta of 1.78.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same period in the prior year, the company posted $1.18 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.'s dividend payout ratio is currently 24.84%.

Analysts Set New Price Targets

KKR has been the topic of a number of recent research reports. Oppenheimer decreased their price objective on KKR & Co. Inc. from $143.00 to $139.00 and set an "outperform" rating on the stock in a research report on Friday, July 17th. BMO Capital Markets lifted their target price on KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Weiss Ratings upgraded KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, June 16th. Argus boosted their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, HSBC increased their price target on KKR & Co. Inc. from $118.00 to $121.00 and gave the company a "buy" rating in a report on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.75.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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