News articles about KKR & Co Inc (NYSE:KKR) have been trending neutral on Saturday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. KKR & Co Inc earned a media sentiment score of 0.17 on their scale. InfoTrie also assigned media headlines about the asset manager an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected KKR & Co Inc’s ranking:
Shares of NYSE:KKR traded up $0.04 on Friday, reaching $29.84. 1,451,997 shares of the company’s stock were exchanged, compared to its average volume of 3,111,010. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 3.73 and a beta of 1.68. KKR & Co Inc has a fifty-two week low of $18.30 and a fifty-two week high of $29.95. The business’s 50-day moving average is $27.76 and its two-hundred day moving average is $25.94. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.90.
KKR & Co Inc (NYSE:KKR) last issued its earnings results on Tuesday, October 29th. The asset manager reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $445.90 million for the quarter, compared to analyst estimates of $456.46 million. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. Analysts predict that KKR & Co Inc will post 1.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.68%. KKR & Co Inc’s dividend payout ratio (DPR) is 25.91%.
Several analysts recently issued reports on KKR shares. BMO Capital Markets started coverage on shares of KKR & Co Inc in a report on Monday, October 7th. They issued an “outperform” rating and a $40.00 price target on the stock. Wells Fargo & Co increased their target price on shares of KKR & Co Inc from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Zacks Investment Research cut shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Barclays set a $28.00 target price on shares of KKR & Co Inc and gave the stock a “hold” rating in a report on Friday, October 11th. Finally, Bank of America raised shares of KKR & Co Inc from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. KKR & Co Inc currently has a consensus rating of “Hold” and an average price target of $30.80.
In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr bought 155,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $16.00 per share, with a total value of $2,480,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.34% of the stock is currently owned by corporate insiders.
About KKR & Co Inc
KKR & Co L.P. 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.
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