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

Calamos Advisors LLC boosted its position in KKR & Co. Inc. (NYSE:KKR) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 124,072 shares of the asset manager’s stock after purchasing an additional 785 shares during the period. Calamos Advisors LLC’s holdings in KKR & Co. Inc. were worth $10,279,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KKR. MetLife Investment Management LLC acquired a new position in KKR & Co. Inc. in the 1st quarter valued at about $650,000. Dimensional Fund Advisors LP increased its stake in shares of KKR & Co. Inc. by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,357,303 shares of the asset manager’s stock valued at $79,368,000 after acquiring an additional 7,332 shares during the last quarter. Prudential PLC acquired a new position in shares of KKR & Co. Inc. during the 1st quarter valued at about $699,000. Cetera Investment Advisers increased its stake in shares of KKR & Co. Inc. by 11.9% during the 1st quarter. Cetera Investment Advisers now owns 16,890 shares of the asset manager’s stock valued at $988,000 after acquiring an additional 1,795 shares during the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of KKR & Co. Inc. by 25.6% during the 1st quarter. Moors & Cabot Inc. now owns 12,666 shares of the asset manager’s stock valued at $741,000 after acquiring an additional 2,582 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $92.64 on Friday. The stock has a market cap of $81.99 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average of $97.61 and a 200-day moving average of $81.90. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. On average, analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 16.18%.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. JMP Securities upped their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Barclays upped their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, Morgan Stanley boosted their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.64.

Insider Activity

In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

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.