KKR & Co. Inc. (NYSE:KKR) is Campbell Capital Management Inc.'s 5th Largest Position

Key Points

• Campbell Capital Management Inc. increased its holdings in KKR & Co. Inc. by 11.3%, making it the fund's 5th largest position, valued at approximately $11.2 million.
• Insider trading activity included the resignation of George R. Roberts, the Chairman, who sold over 1.19 million shares, indicating a 1.43% decrease in his ownership stake.
• Analysts show mixed sentiment with a consensus rating of "Moderate Buy" for KKR, while price targets range significantly from $126 to $162.

Campbell Capital Management Inc. lifted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 11.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,950 shares of the asset manager's stock after buying an additional 9,882 shares during the quarter. KKR & Co. Inc. makes up about 6.4% of Campbell Capital Management Inc.'s holdings, making the stock its 5th largest position. Campbell Capital Management Inc.'s holdings in KKR & Co. Inc. were worth $11,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth $26,000. Mascagni Wealth Management Inc. purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. acquired a new position in KKR & Co. Inc. in the 1st quarter valued at about $38,000. GW&K Investment Management LLC lifted its holdings in KKR & Co. Inc. by 44.6% in the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after purchasing an additional 111 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $46,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction 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 position. The transaction was disclosed in a legal filing 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 company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the transaction, the insider 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. Corporate insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. Oppenheimer boosted their price objective 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. TD Cowen lowered their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Citizens Jmp downgraded KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $157.73.

KKR & Co. Inc. Price Performance

KKR opened at $142.67 on Wednesday. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The company has a 50 day moving average of $134.14 and a two-hundred day moving average of $128.12. The company has a market cap of $127.07 billion, a P/E ratio of 66.36, a P/E/G ratio of 1.59 and a beta of 1.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.42%. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the company earned $1.09 EPS. On average, 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 will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be issued a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 34.42%.

About KKR & Co. Inc.

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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