Guyasuta Investment Advisors Inc. Invests $216,000 in KKR & Co. Inc. (NYSE:KKR)

Guyasuta Investment Advisors Inc. purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, Holdings Channel reports. The fund purchased 2,609 shares of the asset manager’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. E&G Advisors LP grew its holdings in KKR & Co. Inc. by 1.5% during the fourth quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock worth $723,000 after acquiring an additional 126 shares during the period. Cross Staff Investments Inc increased its stake in KKR & Co. Inc. by 0.7% during the 4th quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock worth $1,617,000 after buying an additional 130 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of KKR & Co. Inc. by 0.3% in the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after acquiring an additional 133 shares in the last quarter. Marks Group Wealth Management Inc raised its stake in KKR & Co. Inc. by 2.0% in the 4th quarter. Marks Group Wealth Management Inc now owns 7,480 shares of the asset manager’s stock valued at $620,000 after purchasing an additional 146 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of KKR & Co. Inc. by 0.4% during the fourth quarter. Xponance Inc. now owns 40,823 shares of the asset manager’s stock worth $3,382,000 after buying an additional 170 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KKR shares. TD Cowen upped their price objective on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Barclays increased their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley lifted their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $90.64.

KKR & Co. Inc. Stock Up 0.0 %

KKR stock opened at $95.30 on Tuesday. The stock has a market capitalization of $84.34 billion, a P/E ratio of 23.34, a PEG ratio of 0.87 and a beta of 1.61. The company has a 50 day moving average price of $97.57 and a two-hundred day moving average price of $83.66. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is currently 16.18%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.