KKR & Co. Inc. (NYSE:KKR – Get Free Report) released its quarterly earnings results on Thursday. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35, Briefing.com reports. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same quarter in the previous year, the company posted $0.73 earnings per share.
KKR & Co. Inc. Price Performance
KKR stock traded down $3.40 during midday trading on Friday, hitting $139.88. 2,866,224 shares of the stock were exchanged, compared to its average volume of 2,444,026. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market cap of $124.14 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.20 and a beta of 1.62. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $147.15. The stock’s 50-day moving average price is $128.49 and its 200-day moving average price is $114.00.
KKR & Co. Inc. Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 16.51%.
Insider Buying and Selling
Analyst Upgrades and Downgrades
Several brokerages have issued reports on KKR. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday. Oppenheimer increased their price objective on KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. HSBC started coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price on the stock. Finally, Redburn Atlantic began coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.29.
View Our Latest Research Report on KKR
About KKR & Co. Inc.
KKR & Co Inc 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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