KKR & Co. Inc. (NYSE:KKR) Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC boosted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,665 shares of the asset manager’s stock after purchasing an additional 927 shares during the quarter. Calamos Advisors LLC’s holdings in KKR & Co. Inc. were worth $13,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Aries Wealth Management increased its stake in KKR & Co. Inc. by 5.8% during the 2nd quarter. Aries Wealth Management now owns 9,484 shares of the asset manager’s stock worth $998,000 after buying an additional 524 shares in the last quarter. Retirement Systems of Alabama purchased a new position in KKR & Co. Inc. in the 2nd quarter valued at $15,451,000. West Oak Capital LLC boosted its stake in KKR & Co. Inc. by 400.0% during the 2nd quarter. West Oak Capital LLC now owns 625 shares of the asset manager’s stock worth $66,000 after purchasing an additional 500 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of KKR & Co. Inc. by 3.7% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager’s stock worth $380,442,000 after buying an additional 127,726 shares in the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in shares of KKR & Co. Inc. by 2.4% in the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock valued at $445,000 after buying an additional 99 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Tuesday, August 13th. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Jefferies Financial Group cut their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $122.77.

KKR & Co. Inc. Trading Up 2.9 %

KKR opened at $122.23 on Monday. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $128.79. The business has a fifty day moving average price of $112.78 and a 200 day moving average price of $104.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $108.47 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.07 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company earned $0.58 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the transaction, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.