Guardian Investment Management Sells 100 Shares of KKR & Co. Inc. (NYSE:KKR)

Guardian Investment Management reduced its position in shares of KKR & Co. Inc. (NYSE:KKR) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,425 shares of the asset manager’s stock after selling 100 shares during the period. KKR & Co. Inc. accounts for approximately 1.3% of Guardian Investment Management’s portfolio, making the stock its 18th largest position. Guardian Investment Management’s holdings in KKR & Co. Inc. were worth $1,838,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KKR. Smart Money Group LLC bought a new stake in KKR & Co. Inc. in the fourth quarter valued at $202,000. Artemis Investment Management LLP purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $47,648,000. Sandy Cove Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 5.3% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,813 shares of the asset manager’s stock valued at $268,000 after purchasing an additional 91 shares in the last quarter. Hanseatic Management Services Inc. increased its position in shares of KKR & Co. Inc. by 1.2% during the fourth quarter. Hanseatic Management Services Inc. now owns 8,768 shares of the asset manager’s stock valued at $1,297,000 after buying an additional 107 shares during the period. Finally, Ameritas Advisory Services LLC increased its position in shares of KKR & Co. Inc. by 114.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 4,060 shares of the asset manager’s stock valued at $600,000 after buying an additional 2,168 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $157.58 on Monday. 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 company has a 50 day moving average price of $152.49 and a 200-day moving average price of $134.63. KKR & Co. Inc. has a 52 week low of $80.89 and a 52 week high of $163.68. The firm has a market capitalization of $139.97 billion, a PE ratio of 47.90, a P/E/G ratio of 0.84 and a beta of 1.66.

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

KKR & Co. Inc. Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods lowered their target price 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. TD Cowen upped their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays raised their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $159.07.

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.