Fidelis Capital Partners LLC Increases Stake in KKR & Co. Inc. (NYSE:KKR)

Fidelis Capital Partners LLC grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,428 shares of the asset manager’s stock after buying an additional 1,754 shares during the quarter. Fidelis Capital Partners LLC’s holdings in KKR & Co. Inc. were worth $1,212,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KKR. Pettinga Financial Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $238,000. US Bancorp DE boosted its stake in shares of KKR & Co. Inc. by 9.5% during the 3rd quarter. US Bancorp DE now owns 50,816 shares of the asset manager’s stock worth $6,636,000 after purchasing an additional 4,388 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 3.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,758 shares of the asset manager’s stock worth $1,535,000 after purchasing an additional 393 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter worth approximately $77,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of KKR & Co. Inc. by 4.7% in the third quarter. Janney Montgomery Scott LLC now owns 106,488 shares of the asset manager’s stock worth $13,905,000 after acquiring an additional 4,763 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on KKR. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Oppenheimer raised their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Stock Performance

KKR stock opened at $132.78 on Tuesday. The company has a 50-day simple moving average of $148.61 and a 200 day simple moving average of $142.20. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40. The company has a market capitalization of $117.94 billion, a P/E ratio of 39.87, a PEG ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

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.