Somewhat Positive News Coverage Very Likely to Affect KKR & Co Inc (KKR) Stock Price

News stories about KKR & Co Inc (NYSE:KKR) have trended somewhat positive on Thursday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. KKR & Co Inc earned a news sentiment score of 1.33 on their scale. InfoTrie also assigned press coverage about the asset manager an news buzz score of 8 out of 10, meaning that recent news coverage is very likely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have impacted KKR & Co Inc’s ranking:

Shares of NYSE KKR opened at $22.77 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. KKR & Co Inc has a 1-year low of $18.30 and a 1-year high of $28.73. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.52 and a beta of 1.66.



KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings results on Friday, February 1st. The asset manager reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.06. KKR & Co Inc had a return on equity of 6.86% and a net margin of 48.08%. The company had revenue of $541.58 million for the quarter, compared to the consensus estimate of $489.48 million. During the same quarter in the prior year, the business earned $0.45 EPS. On average, research analysts expect that KKR & Co Inc will post 1.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Monday, February 11th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $0.50 annualized dividend and a yield of 2.20%. KKR & Co Inc’s dividend payout ratio (DPR) is 25.91%.

Several research firms recently issued reports on KKR. Morgan Stanley cut their price objective on KKR & Co Inc from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, November 14th. ValuEngine downgraded KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Deutsche Bank cut their price objective on KKR & Co Inc from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, November 16th. Zacks Investment Research downgraded KKR & Co Inc from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Finally, Citigroup cut their price objective on KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $30.11.

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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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