Media headlines about KKR & Co Inc (NYSE:KKR) have been trending neutral this week, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. KKR & Co Inc earned a news sentiment score of 0.17 on their scale. InfoTrie also gave headlines about the asset manager an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected KKR & Co Inc’s score:
- Endemol Shine Sells ‘Dark’ & ‘4 Blocks’ Producer Wiedemann & Berg Television To KKR-Backed Leonine (yahoo.com)
- Walgreens Boots Rallies on KKR’s Bid but Market View Mixed (finance.yahoo.com)
- Singapore Tycoons Team Up to Vie for Digital Banking License (finance.yahoo.com)
- KKR-backed startup on hunt to buy clinical trial sites to boost study quality, diversity (bizjournals.com)
- Headlands Research Acquires Six Clinical Research Sites As It Seeks to Transform the Clinical Trial Process (finance.yahoo.com)
Shares of NYSE KKR traded up $0.04 during mid-day trading on Friday, reaching $29.84. The company had a trading volume of 1,451,997 shares, compared to its average volume of 3,111,010. The stock has a fifty day moving average of $27.76 and a two-hundred day moving average of $25.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.13 and a current ratio of 1.13. The company 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 12-month low of $18.30 and a 12-month high of $29.95.
KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $445.90 million during the quarter, compared to analyst estimates of $456.46 million. During the same quarter in the prior year, the company posted $0.60 EPS. The company’s quarterly revenue was down 11.5% on a year-over-year basis. Sell-side analysts forecast that KKR & Co Inc will post 1.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.68%. KKR & Co Inc’s dividend payout ratio is currently 25.91%.
A number of analysts have commented on KKR shares. BMO Capital Markets started coverage on shares of KKR & Co Inc in a research note on Monday, October 7th. They set an “outperform” rating and a $40.00 price objective for the company. Wells Fargo & Co upped 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 note on Thursday, September 12th. Barclays set a $28.00 price objective on shares of KKR & Co Inc and gave the company a “hold” rating in a research note on Friday, October 11th. Zacks Investment Research lowered shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. 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 research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. KKR & Co Inc has an average rating of “Hold” and an average target price of $30.80.
In related news, major shareholder Fund Holdings L.P. Kkr purchased 155,000 shares of the stock in a transaction on Monday, November 4th. The shares were bought at an average price of $16.00 per share, for a total transaction of $2,480,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 39.34% of the company’s stock.
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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