Callan Family Office LLC Grows Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Key Points

• Callan Family Office LLC significantly increased its holdings in KKR & Co. Inc. by 131.9%, owning 4,631 shares worth approximately $535,000 after acquiring an additional 2,634 shares in the first quarter.
• KKR & Co. Inc. reported $1.18 EPS for the last quarter, surpassing analysts' estimates, and achieved a revenue of $1.86 billion, which was also above consensus expectations.
• The company recently declared a quarterly dividend of $0.185 per share, up from the previous $0.18, indicating a strong commitment to returning value to shareholders.

Callan Family Office LLC increased its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 131.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,631 shares of the asset manager's stock after acquiring an additional 2,634 shares during the period. Callan Family Office LLC's holdings in KKR & Co. Inc. were worth $535,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KKR. Nuveen LLC purchased a new stake in shares of KKR & Co. Inc. in the first quarter worth about $844,137,000. Jennison Associates LLC raised its position in KKR & Co. Inc. by 4,918.6% during the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after purchasing an additional 4,306,290 shares during the period. Nuveen Asset Management LLC raised its position in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the period. Massachusetts Financial Services Co. MA raised its position in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock valued at $2,206,042,000 after purchasing an additional 2,391,434 shares during the period. Finally, GAMMA Investing LLC raised its position in KKR & Co. Inc. by 10,808.5% during the first quarter. GAMMA Investing LLC now owns 1,155,753 shares of the asset manager's stock valued at $133,617,000 after purchasing an additional 1,145,158 shares during the period. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

KKR traded down $3.78 during midday trading on Friday, hitting $142.28. 2,943,624 shares of the company were exchanged, compared to its average volume of 3,262,633. The company's 50 day simple moving average is $137.80 and its 200 day simple moving average is $127.07. The firm has a market capitalization of $126.76 billion, a price-to-earnings ratio of 66.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

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 the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate 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 firm earned $1.09 EPS. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 34.42%.

Insider Activity

In other news, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the sale, the chairman directly owned 73,006,022 shares in the company, valued at $8,882,642,696.74. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,281,394 shares of company stock worth $413,158,033 in the last ninety days. Company insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent research reports. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Oppenheimer raised their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Wells Fargo & Company upped 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. Citigroup lifted their target price 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. Finally, Citizens Jmp downgraded KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.73.

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.