Fidelis Capital Partners LLC Purchases 1,250 Shares of KKR & Co. Inc. (NYSE:KKR)

Fidelis Capital Partners LLC lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 29.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,547 shares of the asset manager’s stock after buying an additional 1,250 shares during the period. Fidelis Capital Partners LLC’s holdings in KKR & Co. Inc. were worth $460,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KKR. Blue Trust Inc. boosted its position in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares during the last quarter. Quarry LP boosted its position in shares of KKR & Co. Inc. by 95.3% during the second quarter. Quarry LP now owns 459 shares of the asset manager’s stock valued at $26,000 after buying an additional 224 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. NBC Securities Inc. purchased a new position in shares of KKR & Co. Inc. during the third quarter valued at approximately $43,000. Finally, CVA Family Office LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KKR. Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Morgan Stanley lifted their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. TD Cowen boosted their price objective on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. JMP Securities boosted their price objective on 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. Finally, Barclays boosted their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $92.64 on Friday. The firm has a market capitalization of $81.99 billion, a P/E ratio of 22.71, a P/E/G ratio of 0.85 and a beta of 1.61. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $97.61 and its two-hundred day simple moving average is $81.90. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion for 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, equities analysts anticipate that KKR & Co. Inc. will post 4.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is currently 16.18%.

About KKR & Co. Inc.

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.