Calamos Advisors LLC Purchases 785 Shares of KKR & Co. Inc. (NYSE:KKR)

Calamos Advisors LLC increased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,072 shares of the asset manager’s stock after acquiring an additional 785 shares during the quarter. Calamos Advisors LLC’s holdings in KKR & Co. Inc. were worth $10,279,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. E&G Advisors LP grew its position in KKR & Co. Inc. by 1.5% during the 4th quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after purchasing an additional 126 shares during the last quarter. Nordea Investment Management AB grew its position in KKR & Co. Inc. by 0.3% during the 4th quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock worth $3,241,000 after purchasing an additional 133 shares during the last quarter. AE Wealth Management LLC grew its position in KKR & Co. Inc. by 1.2% during the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock worth $878,000 after purchasing an additional 168 shares during the last quarter. Xponance Inc. grew its position in KKR & Co. Inc. by 0.4% during the 4th quarter. Xponance Inc. now owns 40,823 shares of the asset manager’s stock worth $3,382,000 after purchasing an additional 170 shares during the last quarter. Finally, Cigna Investments Inc. New grew its position in KKR & Co. Inc. by 2.8% during the 4th quarter. Cigna Investments Inc. New now owns 7,006 shares of the asset manager’s stock worth $580,000 after purchasing an additional 192 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $92.64 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The company has a fifty day moving average of $97.61 and a two-hundred day moving average of $81.90. The stock has a market capitalization of $81.99 billion, a PE ratio of 22.71, a P/E/G ratio of 0.85 and a beta of 1.61. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48.

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

KKR & Co. Inc. Dividend Announcement

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

Insider Activity

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

Analyst Ratings Changes

Several analysts have recently commented on KKR shares. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. 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 report on Tuesday, April 9th. TD Cowen upped their price objective on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, 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 report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.64.

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.