Fulton Bank N.A. Grows Holdings in KKR & Co. Inc. (NYSE:KKR)

Fulton Bank N.A. increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 8.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,182 shares of the asset manager’s stock after purchasing an additional 1,301 shares during the period. Fulton Bank N.A.’s holdings in KKR & Co. Inc. were worth $2,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of New Hampshire acquired a new position in KKR & Co. Inc. during the fourth quarter worth $45,000. CWA Asset Management Group LLC raised its holdings in shares of KKR & Co. Inc. by 9.0% in the 4th quarter. CWA Asset Management Group LLC now owns 15,122 shares of the asset manager’s stock valued at $2,237,000 after buying an additional 1,248 shares during the period. Legacy Wealth Management LLC MS lifted its stake in KKR & Co. Inc. by 5.7% during the 4th quarter. Legacy Wealth Management LLC MS now owns 5,048 shares of the asset manager’s stock worth $747,000 after acquiring an additional 274 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in KKR & Co. Inc. by 6.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 19,224 shares of the asset manager’s stock valued at $2,843,000 after acquiring an additional 1,185 shares during the period. Finally, First Citizens Financial Corp acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $222,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen boosted their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group increased their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given 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 an average target price of $160.07.

KKR & Co. Inc. Stock Up 0.7 %

KKR & Co. Inc. stock traded up $0.97 during mid-day trading on Wednesday, hitting $147.59. The company had a trading volume of 1,330,465 shares, compared to its average volume of 2,361,219. 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 1 year low of $80.20 and a 1 year high of $163.68. The business has a fifty day moving average of $151.77 and a 200 day moving average of $132.28. The stock has a market cap of $131.09 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 1.22 and a beta of 1.66.

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

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is currently 21.28%.

KKR & Co. Inc. Company Profile

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.