Q3 2020 Earnings Estimate for KKR & Co Inc (NYSE:KKR) Issued By Jefferies Financial Group

KKR & Co Inc (NYSE:KKR) – Analysts at Jefferies Financial Group upped their Q3 2020 EPS estimates for KKR & Co Inc in a research note issued on Wednesday, July 8th. Jefferies Financial Group analyst G. O’hara now expects that the asset manager will post earnings of $0.38 per share for the quarter, up from their previous estimate of $0.36. Jefferies Financial Group also issued estimates for KKR & Co Inc’s Q4 2020 earnings at $0.43 EPS, FY2020 earnings at $1.62 EPS and FY2021 earnings at $1.96 EPS.

KKR has been the topic of several other research reports. TheStreet lowered KKR & Co Inc from a “b” rating to a “c” rating in a report on Wednesday, May 6th. Wells Fargo & Co upped their target price on KKR & Co Inc from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Deutsche Bank upped their target price on KKR & Co Inc from $31.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Cfra raised KKR & Co Inc from a “hold” rating to a “buy” rating and lowered their target price for the company from $33.00 to $30.00 in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods upped their target price on KKR & Co Inc from $34.00 to $41.00 in a report on Thursday, July 9th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. KKR & Co Inc currently has an average rating of “Buy” and a consensus target price of $36.00.

Shares of KKR stock opened at $34.49 on Monday. The business’s fifty day moving average price is $30.51 and its 200 day moving average price is $28.19. KKR & Co Inc has a 1-year low of $15.55 and a 1-year high of $35.24. The firm has a market capitalization of $19.10 billion, a PE ratio of -862.25, a P/E/G ratio of 3.84 and a beta of 1.55. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.50 and a quick ratio of 1.50.

KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Wednesday, May 6th. The asset manager reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. KKR & Co Inc had a return on equity of 4.37% and a net margin of 47.50%. The firm had revenue of $380.60 million for the quarter, compared to analyst estimates of $432.47 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. KKR & Co Inc’s quarterly revenue was up 2.2% on a year-over-year basis.

In related news, major shareholder Kkr Stream Holdings Llc sold 13,845,682 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $13.00, for a total transaction of $179,993,866.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel David Sorkin sold 26,333 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $26.56, for a total value of $699,404.48. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its holdings in shares of KKR & Co Inc by 35.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,256 shares of the asset manager’s stock worth $912,000 after purchasing an additional 8,114 shares during the period. Raymond James & Associates grew its position in shares of KKR & Co Inc by 8.2% in the 4th quarter. Raymond James & Associates now owns 304,259 shares of the asset manager’s stock worth $8,875,000 after acquiring an additional 23,179 shares in the last quarter. Advisor Group Inc. grew its position in shares of KKR & Co Inc by 8.5% in the 4th quarter. Advisor Group Inc. now owns 36,080 shares of the asset manager’s stock worth $1,052,000 after acquiring an additional 2,817 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of KKR & Co Inc by 3.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 115,717 shares of the asset manager’s stock worth $3,375,000 after acquiring an additional 4,063 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of KKR & Co Inc in the 4th quarter worth approximately $562,000. Hedge funds and other institutional investors own 76.87% 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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Earnings History and Estimates for KKR & Co Inc (NYSE:KKR)

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