Guinness Asset Management LTD Buys 125 Shares of KKR & Co. Inc. $KKR

Guinness Asset Management LTD grew its stake in KKR & Co. Inc. (NYSE:KKR) by 2.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,385 shares of the asset manager’s stock after buying an additional 125 shares during the period. Guinness Asset Management LTD’s holdings in KKR & Co. Inc. were worth $716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KKR. Bruce G. Allen Investments LLC grew its stake in shares of KKR & Co. Inc. by 13.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock valued at $78,000 after acquiring an additional 72 shares during the period. Cornerstone Advisory LLC increased its stake in shares of KKR & Co. Inc. by 3.0% in the second quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock worth $412,000 after purchasing an additional 89 shares in the last quarter. PFG Advisors increased its stake in shares of KKR & Co. Inc. by 4.5% in the first quarter. PFG Advisors now owns 2,071 shares of the asset manager’s stock worth $239,000 after purchasing an additional 90 shares in the last quarter. Chemistry Wealth Management LLC raised its position in shares of KKR & Co. Inc. by 0.7% during the 2nd quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager’s stock valued at $1,628,000 after purchasing an additional 90 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of KKR & Co. Inc. by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,117 shares of the asset manager’s stock valued at $1,479,000 after buying an additional 91 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday. Citizens Jmp downgraded KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Keefe, Bruyette & Woods boosted their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $157.27.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.2%

KKR stock opened at $121.23 on Monday. The firm has a fifty day moving average price of $133.93 and a 200 day moving average price of $129.73. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market cap of $108.01 billion, a PE ratio of 56.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business earned $1.09 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is 34.42%.

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.