Guardian Investment Management Trims Position in KKR & Co. Inc. (NYSE:KKR)

Guardian Investment Management decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,425 shares of the asset manager’s stock after selling 100 shares during the period. KKR & Co. Inc. makes up approximately 1.3% of Guardian Investment Management’s investment portfolio, making the stock its 18th biggest position. Guardian Investment Management’s holdings in KKR & Co. Inc. were worth $1,838,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. APG Asset Management N.V. bought a new position in KKR & Co. Inc. in the 2nd quarter worth approximately $154,468,000. Assenagon Asset Management S.A. boosted its position in shares of KKR & Co. Inc. by 3,757.3% during the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after acquiring an additional 538,573 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of KKR & Co. Inc. by 1,181.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 544,017 shares of the asset manager’s stock worth $71,038,000 after acquiring an additional 501,579 shares during the last quarter. State Street Corp grew its stake in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after acquiring an additional 481,686 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $157.58 on Monday. KKR & Co. Inc. has a 52 week low of $80.89 and a 52 week high of $163.68. The company has a market capitalization of $139.97 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. The stock’s fifty day moving average is $152.49 and its two-hundred day moving average is $134.63. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business posted $0.73 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Wells Fargo & Company reduced their price objective on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI increased their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley upped their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $159.07.

About KKR & Co. Inc.

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.