News stories about KKR & Co Inc (NYSE:KKR) have trended positive on Friday, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. KKR & Co Inc earned a media sentiment score of 2.25 on their scale. InfoTrie also assigned news articles about the asset manager an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted KKR & Co Inc’s analysis:
- Financial Contrast: KKR & Co Inc (NYSE:KKR) and Invesco (NYSE:IVZ) (americanbankingnews.com)
- KKR to sell LGC to Cinven and Astorg (pehub.com)
- KKR Agrees to Sell LGC to Cinven, Astorg Group (wsj.com)
- Taking Walgreens Private for $70 Billion Is Pricey Even for KKR (msn.com)
- Private equity consortium to buy UK testing firm LGC from KKR (finance.yahoo.com)
KKR has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of KKR & Co Inc in a research report on Monday, October 7th. They issued an “outperform” rating and a $40.00 price objective for the company. Goldman Sachs Group boosted their price objective on shares of KKR & Co Inc from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays set a $28.00 price objective on shares of KKR & Co Inc and gave the company a “hold” rating in a research report on Friday, October 11th. Wells Fargo & Co boosted their price objective on shares of KKR & Co Inc from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Finally, ValuEngine lowered shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.67.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $445.90 million for the quarter, compared to analyst estimates of $456.46 million. During the same period last year, the company posted $0.60 EPS. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. As a group, equities analysts forecast that KKR & Co Inc will post 1.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 11th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, November 7th. KKR & Co Inc’s dividend payout ratio (DPR) is 25.91%.
In related news, major shareholder Fund Holdings L.P. Kkr purchased 155,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $16.00 per share, with a total value of $2,480,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company’s stock.
KKR & Co Inc Company Profile
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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