Guinness Asset Management LTD Purchases 1,151 Shares of KKR & Co. Inc. (NYSE:KKR)

Guinness Asset Management LTD boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 24.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,789 shares of the asset manager’s stock after buying an additional 1,151 shares during the period. Guinness Asset Management LTD’s holdings in KKR & Co. Inc. were worth $856,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $31,000. Raleigh Capital Management Inc. raised its stake in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Eastern Bank purchased a new stake in KKR & Co. Inc. during the third quarter valued at $34,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. during the third quarter valued at $40,000. Finally, Bank of New Hampshire purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $157.58 on Monday. The company has a market capitalization of $139.97 billion, a P/E ratio of 47.90, a P/E/G ratio of 0.84 and a beta of 1.66. The company’s 50-day simple moving average is $152.49 and its two-hundred day simple moving average is $134.63. KKR & Co. Inc. has a one year low of $80.89 and a one year high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

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

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. 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 dividend payout ratio is currently 21.28%.

Analyst Ratings Changes

A number of research analysts recently commented on KKR shares. Keefe, Bruyette & Woods lowered their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Evercore ISI raised their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. The Goldman Sachs Group boosted their target price 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. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus 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.