JPMorgan Chase & Co. Raises FS KKR Capital (NYSE:FSK) Price Target to $19.00

FS KKR Capital (NYSE:FSKFree Report) had its price target raised by JPMorgan Chase & Co. from $18.00 to $19.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms also recently commented on FSK. Truist Financial dropped their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a hold rating for the company in a report on Wednesday, February 28th. Hovde Group reissued a market perform rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, February 28th. Royal Bank of Canada dropped their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a sector perform rating for the company in a report on Wednesday, February 28th. Compass Point downgraded shares of FS KKR Capital from a buy rating to a neutral rating and dropped their price objective for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Finally, Wells Fargo & Company increased their price objective on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an equal weight rating in a report on Monday, January 29th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $20.19.

Get Our Latest Stock Report on FSK

FS KKR Capital Trading Down 1.7 %

Shares of FS KKR Capital stock opened at $19.01 on Friday. The company has a market capitalization of $5.32 billion, a P/E ratio of 7.63 and a beta of 1.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a fifty day moving average of $19.29 and a 200 day moving average of $19.68. FS KKR Capital has a fifty-two week low of $17.50 and a fifty-two week high of $20.99.

FS KKR Capital (NYSE:FSKGet Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a net margin of 38.03% and a return on equity of 12.56%. During the same quarter in the prior year, the firm posted $0.81 EPS. On average, sell-side analysts anticipate that FS KKR Capital will post 2.83 earnings per share for the current fiscal year.

FS KKR Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Wednesday, March 13th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.47%. The ex-dividend date was Tuesday, March 12th. FS KKR Capital’s payout ratio is 102.81%.

Insider Activity at FS KKR Capital

In other news, insider Daniel Pietrzak acquired 7,300 shares of FS KKR Capital stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $18.73 per share, with a total value of $136,729.00. Following the transaction, the insider now directly owns 39,800 shares of the company’s stock, valued at approximately $745,454. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is owned by insiders.

Institutional Trading of FS KKR Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wescott Financial Advisory Group LLC raised its position in FS KKR Capital by 3.2% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 16,200 shares of the company’s stock worth $324,000 after purchasing an additional 509 shares during the period. Legacy Capital Group California Inc. raised its position in FS KKR Capital by 0.3% in the 4th quarter. Legacy Capital Group California Inc. now owns 175,997 shares of the company’s stock worth $3,515,000 after purchasing an additional 512 shares during the period. Independent Wealth Network Inc. raised its position in FS KKR Capital by 2.1% in the 3rd quarter. Independent Wealth Network Inc. now owns 24,876 shares of the company’s stock worth $490,000 after purchasing an additional 514 shares during the period. Continuum Advisory LLC raised its position in FS KKR Capital by 2.5% in the 4th quarter. Continuum Advisory LLC now owns 22,025 shares of the company’s stock worth $440,000 after purchasing an additional 534 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of FS KKR Capital by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 96,524 shares of the company’s stock worth $1,901,000 after acquiring an additional 570 shares during the period. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Company Profile

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FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.

Further Reading

Analyst Recommendations for FS KKR Capital (NYSE:FSK)

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