Callan Family Office LLC Makes New $295,000 Investment in KKR & Co. Inc. (NYSE:KKR)

Callan Family Office LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,997 shares of the asset manager’s stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $247,000. Candriam S.C.A. increased its stake in shares of KKR & Co. Inc. by 17.6% in the 4th quarter. Candriam S.C.A. now owns 247,260 shares of the asset manager’s stock valued at $36,572,000 after acquiring an additional 37,007 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of KKR & Co. Inc. by 41.8% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 7,969 shares of the asset manager’s stock valued at $1,179,000 after acquiring an additional 2,351 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of KKR & Co. Inc. by 3.3% in the 4th quarter. Lindbrook Capital LLC now owns 3,179 shares of the asset manager’s stock valued at $470,000 after acquiring an additional 102 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $218,918,000. 76.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Oppenheimer boosted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley decreased their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Trading Down 6.3 %

NYSE:KKR opened at $108.00 on Tuesday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $145.13 and a two-hundred day moving average price of $142.10. The company has a market cap of $95.93 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.02%.

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.