Fidelis Capital Partners LLC Increases Stock Position in KKR & Co. Inc. $KKR

Fidelis Capital Partners LLC raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 68.2% in the third quarter, Holdings Channel.com reports. The fund owned 14,979 shares of the asset manager’s stock after purchasing an additional 6,073 shares during the period. Fidelis Capital Partners LLC’s holdings in KKR & Co. Inc. were worth $1,946,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Clearstead Trust LLC purchased a new position in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $28,000. Richardson Financial Services Inc. raised its position in KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Pineridge Advisors LLC acquired a new position in KKR & Co. Inc. during the second quarter worth $31,000. Salomon & Ludwin LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth $36,000. Finally, Quent Capital LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth $47,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 0.6%

Shares of NYSE:KKR opened at $116.72 on Thursday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company’s 50 day moving average is $128.26 and its two-hundred day moving average is $132.11. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The company has a market cap of $104.04 billion, a PE ratio of 49.46, a P/E/G ratio of 1.00 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same period in the previous year, the company earned $1.38 EPS. Equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s payout ratio is 31.36%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KKR. BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Wednesday. Morgan Stanley cut their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Barclays reduced their price objective on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating on the stock in a research note on Friday, January 9th. Finally, Citigroup lowered their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.