KKR & Co Inc (NYSE:KKR) – Equities research analysts at Jefferies Financial Group upped their Q2 2019 earnings per share estimates for KKR & Co Inc in a research note issued on Tuesday, April 30th. Jefferies Financial Group analyst G. O’hara now anticipates that the asset manager will post earnings per share of $0.47 for the quarter, up from their previous forecast of $0.45. Jefferies Financial Group also issued estimates for KKR & Co Inc’s FY2019 earnings at $1.83 EPS.
KKR has been the topic of several other reports. Zacks Investment Research cut KKR & Co Inc from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Sanford C. Bernstein cut KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.85.
NYSE:KKR traded up $0.45 during trading hours on Friday, reaching $24.67. 2,401,489 shares of the stock were exchanged, compared to its average volume of 2,781,167. The company has a market cap of $13.33 billion, a PE ratio of 12.78, a P/E/G ratio of 7.07 and a beta of 1.66. KKR & Co Inc has a 52 week low of $18.30 and a 52 week high of $28.73. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.94.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. KKR & Co Inc had a return on equity of 6.42% and a net margin of 48.08%. The firm had revenue of $397.26 million during the quarter, compared to the consensus estimate of $370.51 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. KKR & Co Inc’s revenue for the quarter was up 3.9% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. raised its holdings in KKR & Co Inc by 14.9% during the fourth quarter. Macquarie Group Ltd. now owns 7,846,835 shares of the asset manager’s stock valued at $154,033,000 after buying an additional 1,015,539 shares in the last quarter. Focused Wealth Management Inc raised its holdings in KKR & Co Inc by 1.0% during the fourth quarter. Focused Wealth Management Inc now owns 63,083 shares of the asset manager’s stock valued at $1,238,000 after buying an additional 645 shares in the last quarter. Vanguard Group Inc bought a new position in shares of KKR & Co Inc in the third quarter worth about $1,027,380,000. Brown Advisory Inc. increased its stake in shares of KKR & Co Inc by 13.4% in the fourth quarter. Brown Advisory Inc. now owns 2,474,095 shares of the asset manager’s stock worth $48,567,000 after purchasing an additional 291,520 shares during the period. Finally, DNB Asset Management AS increased its stake in shares of KKR & Co Inc by 21.4% in the first quarter. DNB Asset Management AS now owns 235,930 shares of the asset manager’s stock worth $5,542,000 after purchasing an additional 41,664 shares during the period. Institutional investors own 73.05% of the company’s stock.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $24.15, for a total transaction of $2,415,000.00. Following the transaction, the general counsel now directly owns 107,072 shares in the company, valued at $2,585,788.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 39.34% of the stock is owned by company insiders.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.50 annualized dividend and a yield of 2.03%. KKR & Co Inc’s dividend payout ratio (DPR) is currently 25.91%.
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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