KKR & Co. Inc. (NYSE:KKR) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 8.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,182 shares of the asset manager’s stock after buying an additional 1,301 shares during the quarter. Fulton Bank N.A.’s holdings in KKR & Co. Inc. were worth $2,541,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KKR. Victory Capital Management Inc. lifted its position in KKR & Co. Inc. by 7.0% during the 2nd quarter. Victory Capital Management Inc. now owns 231,346 shares of the asset manager’s stock worth $24,347,000 after acquiring an additional 15,140 shares during the period. Private Advisor Group LLC grew its position in KKR & Co. Inc. by 3.2% in the 2nd quarter. Private Advisor Group LLC now owns 14,686 shares of the asset manager’s stock valued at $1,546,000 after buying an additional 458 shares during the last quarter. Caprock Group LLC increased its stake in KKR & Co. Inc. by 39.4% in the 2nd quarter. Caprock Group LLC now owns 3,461 shares of the asset manager’s stock valued at $364,000 after buying an additional 978 shares during the period. Ballentine Partners LLC acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at $201,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in KKR & Co. Inc. during the 2nd quarter worth $205,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent analyst reports. HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target on the stock. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Morgan Stanley raised their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. TD Cowen upped their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group raised their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.07.

KKR & Co. Inc. Price Performance

KKR traded up $0.97 during midday trading on Wednesday, reaching $147.59. 1,330,465 shares of the company’s stock were exchanged, compared to its average volume of 2,361,219. The business’s 50-day moving average price is $151.77 and its 200 day moving average price is $132.28. The stock has a market capitalization of $131.09 billion, a PE ratio of 44.86, a P/E/G ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a 1-year low of $80.20 and a 1-year high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the prior year, the company earned $0.73 EPS. As a group, equities analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

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.