Fidelis Capital Partners LLC Purchases 1,777 Shares of KKR & Co. Inc. (NYSE:KKR)

Fidelis Capital Partners LLC raised its position in KKR & Co. Inc. (NYSE:KKRFree Report) by 32.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,324 shares of the asset manager’s stock after purchasing an additional 1,777 shares during the quarter. Fidelis Capital Partners LLC’s holdings in KKR & Co. Inc. were worth $797,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares during the period. Riverview Trust Co bought a new position in shares of KKR & Co. Inc. during the first quarter worth about $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $30,000. Missouri Trust & Investment Co boosted its holdings in KKR & Co. Inc. by 408.9% in the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 368 shares during the last quarter. Finally, First United Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $41,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KKR. Barclays boosted their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $116.00 price objective on shares of KKR & Co. Inc. in a research note on Friday, June 21st. Jefferies Financial Group lowered their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Finally, JMP Securities raised their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.43.

Get Our Latest Analysis on KKR

KKR & Co. Inc. Stock Down 1.1 %

Shares of KKR traded down $1.18 during trading hours on Monday, reaching $104.90. 536,244 shares of the stock traded hands, compared to its average volume of 5,068,667. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $113.91. The company has a market cap of $93.09 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 0.92 and a beta of 1.62. The stock has a fifty day simple moving average of $104.24 and a 200 day simple moving average of $96.44. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last announced its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The business had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. On average, equities analysts forecast that KKR & Co. Inc. will post 4.04 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a $0.175 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s payout ratio is 15.70%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Profile

(Free Report)

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.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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