Jefferies Financial Group Reiterates Buy Rating for KKR & Co Inc Class A (NYSE:KKR)

Jefferies Financial Group reaffirmed their buy rating on shares of KKR & Co Inc Class A (NYSE:KKR) in a research note published on Friday, July 27th. They currently have a $32.00 price target on the asset manager’s stock. Jefferies Financial Group also issued estimates for KKR & Co Inc Class A’s Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.69 EPS and FY2019 earnings at $1.74 EPS.

A number of other research firms have also recently weighed in on KKR. Oppenheimer set a $35.00 target price on shares of KKR & Co Inc Class A and gave the company a buy rating in a research note on Tuesday, July 24th. Zacks Investment Research raised shares of KKR & Co Inc Class A from a strong sell rating to a hold rating in a research note on Wednesday, May 16th. Credit Suisse Group boosted their price target on shares of KKR & Co Inc Class A from $30.00 to $32.00 and gave the company an outperform rating in a research report on Friday, May 4th. Wells Fargo & Co boosted their price target on shares of KKR & Co Inc Class A from $25.00 to $30.00 and gave the company an outperform rating in a research report on Tuesday, July 10th. Finally, Deutsche Bank boosted their price target on shares of KKR & Co Inc Class A from $21.00 to $24.00 and gave the company a hold rating in a research report on Friday, May 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $29.75.

Shares of KKR & Co Inc Class A traded down $0.51, hitting $25.73, on Friday, Marketbeat Ratings reports. 3,332,381 shares of the company were exchanged, compared to its average volume of 4,406,663. KKR & Co Inc Class A has a one year low of $17.96 and a one year high of $27.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $13.77 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.34 and a beta of 1.67.

KKR & Co Inc Class A (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. KKR & Co Inc Class A had a net margin of 39.10% and a return on equity of 7.34%. The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $391.74 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. equities analysts predict that KKR & Co Inc Class A will post 1.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 21st. Stockholders of record on Monday, August 6th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.64%. KKR & Co Inc Class A’s payout ratio is 28.57%.

In other news, major shareholder Kkr Credit Advisors (Us) Llc sold 2,437,424 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $73.96, for a total transaction of $180,271,879.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Fund Holdings L.P. Kkr sold 2,030,892 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $14.18, for a total transaction of $28,798,048.56. The disclosure for this sale can be found here. Insiders have sold 17,662,644 shares of company stock worth $713,884,917 over the last quarter.

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in KKR & Co Inc Class A by 103.6% in the first quarter. JPMorgan Chase & Co. now owns 18,132,936 shares of the asset manager’s stock valued at $368,099,000 after buying an additional 9,227,804 shares during the period. Iridian Asset Management LLC CT acquired a new position in KKR & Co Inc Class A in the second quarter valued at approximately $65,053,000. ValueAct Holdings L.P. lifted its holdings in KKR & Co Inc Class A by 4.1% in the first quarter. ValueAct Holdings L.P. now owns 49,700,000 shares of the asset manager’s stock valued at $1,008,910,000 after buying an additional 1,950,000 shares during the period. Natixis acquired a new position in KKR & Co Inc Class A in the first quarter valued at approximately $37,108,000. Finally, Cannell Peter B & Co. Inc. acquired a new position in KKR & Co Inc Class A in the first quarter valued at approximately $33,107,000. Institutional investors own 66.05% of the company’s stock.

About KKR & Co Inc Class A

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, and middle market investments.

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Analyst Recommendations for KKR & Co Inc Class A (NYSE:KKR)

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