KKR & Co Inc (NYSE:KKR) Issues Quarterly Earnings Results

KKR & Co Inc (NYSE:KKR) announced its earnings results on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05, MarketWatch Earnings reports. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. The firm had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $401.39 million.

NYSE KKR traded down $0.65 on Friday, reaching $23.79. 2,492,777 shares of the stock traded hands, compared to its average volume of 5,531,727. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.82. The firm has a market cap of $13.09 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.63. KKR & Co Inc has a 12 month low of $18.74 and a 12 month high of $28.73.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, November 2nd. KKR & Co Inc’s dividend payout ratio (DPR) is presently 21.01%.

In related news, major shareholder Fund Holdings L.P. Kkr purchased 13,402 shares of KKR & Co Inc stock in a transaction dated Monday, August 13th. The stock was purchased at an average cost of $13.48 per share, with a total value of $180,658.96. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have acquired 130,656 shares of company stock valued at $1,914,185.

A number of research firms recently issued reports on KKR. Oppenheimer set a $35.00 price objective on KKR & Co Inc and gave the company a “buy” rating in a report on Tuesday, July 24th. Citigroup boosted their price objective on KKR & Co Inc from $31.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Deutsche Bank dropped their price objective on KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, October 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $35.00 price objective on shares of KKR & Co Inc in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, October 17th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $30.33.

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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, and middle market investments.

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Earnings History for KKR & Co Inc (NYSE:KKR)

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