Fjell Capital LLC Takes $565,000 Position in KKR & Co. Inc. (NYSE:KKR)

Fjell Capital LLC bought a new position in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,823 shares of the asset manager’s stock, valued at approximately $565,000.

Several other hedge funds have also bought and sold shares of KKR. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $30,000. Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $45,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $40,000. Finally, Farmers & Merchants Investments Inc. lifted its position in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $129.57 on Wednesday. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. The business’s fifty day moving average is $149.61 and its 200 day moving average is $141.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $115.09 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 1.00 and a beta of 1.67.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Analysts Set New Price Targets

Several research analysts recently issued reports on KKR shares. Keefe, Bruyette & Woods cut their target price on 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. The Goldman Sachs Group increased their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their target price for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company lowered their target price on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Company 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.