Campbell & CO Investment Adviser LLC Invests $2.48 Million in KKR & Co. Inc. $KKR

Key Points

• Campbell & CO Investment Adviser LLC acquired 21,485 shares of KKR & Co. Inc. in Q1, valued at approximately $2.48 million.
• KKR & Co. Inc. reported an EPS of $1.18 for the last quarter, surpassing the consensus estimate by $0.04, with revenues of $1.86 billion.
• The company announced a quarterly dividend increase to $0.185, with a payout ratio of 34.42%, representing a 0.5% dividend yield.

Campbell & CO Investment Adviser LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,485 shares of the asset manager's stock, valued at approximately $2,484,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. in the fourth quarter valued at about $26,000. Mascagni Wealth Management Inc. acquired a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. acquired a new stake in KKR & Co. Inc. during the first quarter valued at approximately $38,000. GW&K Investment Management LLC raised its stake in KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after buying an additional 111 shares in the last quarter. Finally, SouthState Corp acquired a new stake in KKR & Co. Inc. during the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of research reports. Oppenheimer increased their price target on 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 increased their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Barclays increased their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $0.48 during trading hours on Friday, reaching $139.61. 1,728,470 shares of the company's stock traded hands, compared to its average volume of 4,773,120. The firm has a market capitalization of $124.38 billion, a price-to-earnings ratio of 64.93, a P/E/G ratio of 1.55 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The business's fifty day simple moving average is $140.76 and its two-hundred day simple moving average is $126.25.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period last year, the company posted $1.09 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is 34.42%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 1,150,469 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman directly owned 73,006,022 shares of the company's stock, valued at approximately $8,746,121,435.60. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction on 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 transaction, the chairman directly owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,281,394 shares of company stock valued at $413,158,033. 39.34% of the stock is currently owned by corporate insiders.

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.