The world of finance is a fast-moving, ever-changing landscape that requires the utmost attention to detail and knowledge. One company that has shown their expertise in this field is AE Wealth Management LLC. They recently raised their stake in FS KKR Capital Corp. (NYSE:FSK) by 2.1% in the first quarter, according to their most recent Form 13F filing with the Securities and Exchange Commission.
AE Wealth Management LLC owned approximately 0.29% of FS KKR Capital worth $14,861,000 as of its most recent SEC filing. This is an impressive feat that highlights the dedication and commitment you can expect from such a financial institution.
But what exactly makes FS KKR Capital Corp such a sought after investment? A number of research analysts have issued reports on the stock, giving it an overall rating of “Hold” with a consensus target price of $21.25 according to Bloomberg.
Wells Fargo & Company raised their price objective on shares of FS KKR Capital from $18.50 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, March 1st. Oppenheimer assumed coverage on shares of FS KKR Capital in a report on Tuesday, April 11th and issued a “market perform” rating with a price objective for the company at $21.00.
TheStreet also gave FS KKR Capital high praise when they upgraded its shares from a “c” rating to a “b-” rating in May 2017. This speaks volumes about the potential growth prospects this company holds moving forward.
At present, NYSE:FSK opened at $18.71 on Tuesday with a market capitalization of $5.24 billion, PE ratio of 77.96 and beta of 1.40; these figures make them one to watch in the future.
For anyone looking for investment opportunities within this field, the success and expertise of AE Wealth Management LLC coupled with the potential growth of FS KKR Capital make these two firms an attractive choice. There’s no doubt that with careful research, anyone can reap rewards and find success in the world of finance.
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Institutional Investors and Hedge Funds Show Confidence in FS KKR Capital Corp with Increased Holdings and Positive Analyst Ratings
Institutional investors and hedge funds have recently made changes to their positions in the stock of FS KKR Capital Corp (NYSE:FSK). GPS Wealth Strategies Group LLC showed a 1.1% increase in holdings, bringing its total shares to 50,550 worth $885,000 after acquiring an additional 565 shares during the last quarter. HB Wealth Management LLC raised its holdings by 4.7%, contributing 13,114 shares valued at $229,000 after purchasing an additional 589 shares in the fourth quarter. Meanwhile, Bickling Financial Services Inc increased its holdings by 3% with a total of 21,218 shares valued at $360,000 after buying another 609 shares during the same period. Additionally, Wealth Effects LLC had a rise of 2.4%, increasing its total holding by purchasing and holding on to another 625 shares worth $473,000 during the fourth quarter.
Neuberger Berman Group LLC raised its holdings by 0.3%. This group now owns approximately 205,862 shares of the company valued at $3,489,000 after adding another 641 shares last quarter. All things considered together hold roughly around a third of all FSK stocks as institutional investors own about 33.66% of the company’s stock.
On May 11th this year Director Barbara Adams acquired around $68k worth of FS KKR Capital stock with a buying price rooted at around $19 per share in a transaction involving taking over almost 3 thousand five hundred and seventy-two (3572) shares in total which brought her personal count up to almost sixteen thousand and four hundred (16’400) valued at over three hundred and twelve thousand dollars ($312’663).
TheStreet analysts upgraded FS KKR Capital from “c” rating to “b-” rating recently being backed up from research analysts giving the stock an “equal weight” rating, while Oppenheimer issued a “market perform” rating for the company with a $21.00 price objective. Furthermore, Wells Fargo & Company raised their price objective to $19 from $18.50 on the company’s shares and determined them as an “equal weight” in its recently conducted report and revealed expectations that FS KKR Capital Corp. will post at least 3.11 earnings per share this year.
FS KKR Capital declared a quarterly dividend payment due July 5th of $0.64 for each shareholder that is recorded on June 14th resulting in an annualized dividend payout of $2.56 with a total value yield of 13.68%. The ex-dividend date is evaluated as being June 13th for investors who want to gain out of this opportunity.
Overall, FS KKR Capital holds strong potential as reflected in the interest it has gathered among institutional investors as well as research analyst reports, particularly its expected annualized dividend payout yield which is almost twice the present average compared to other stocks in today’s market activities.