Callan Family Office LLC Has $535,000 Stock Position in KKR & Co. Inc. $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 grew its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 131.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,631 shares of the asset manager's stock after purchasing an additional 2,634 shares during the quarter. Callan Family Office LLC's holdings in KKR & Co. Inc. were worth $535,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in KKR & Co. Inc. by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock worth $6,654,245,000 after buying an additional 870,176 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of KKR & Co. Inc. by 14.3% in 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 buying an additional 2,391,434 shares during the period. Nuveen LLC acquired a new position in KKR & Co. Inc. in the first quarter worth approximately $844,137,000. Nuveen Asset Management LLC boosted its stake in KKR & Co. Inc. by 106.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after purchasing an additional 3,391,581 shares during the period. Finally, Northern Trust Corp raised its position in KKR & Co. Inc. by 10.8% during the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock valued at $909,741,000 after buying an additional 600,696 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Down 0.8%

Shares of KKR & Co. Inc. stock traded down $1.14 during trading on Monday, reaching $141.14. The stock had a trading volume of 1,288,682 shares, compared to its average volume of 4,872,446. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $125.75 billion, a price-to-earnings ratio of 65.66, a P/E/G ratio of 1.53 and a beta of 1.87. The stock has a fifty day moving average price of $137.80 and a two-hundred day moving average price of $126.79. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period last year, the firm posted $1.09 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders 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 is 34.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JMP Securities reissued a "market perform" rating and set a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Citigroup boosted their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $157.73.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,746,121,435.60. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Barakett purchased 35,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the acquisition, the director owned 185,000 shares of the company's stock, valued at $21,815,200. This trade represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 3,281,394 shares of company stock worth $413,158,033. Corporate insiders own 39.34% of the company's stock.

KKR & Co. Inc. 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.