KKR & Co Inc (NYSE:KKR) – Research analysts at Oppenheimer increased their Q3 2018 earnings per share estimates for shares of KKR & Co Inc in a note issued to investors on Monday, October 15th, according to Zacks Investment Research. Oppenheimer analyst L. Rudary now expects that the asset manager will earn $0.60 per share for the quarter, up from their previous estimate of $0.39. Oppenheimer currently has a “Buy” rating and a $35.00 price objective on the stock. Oppenheimer also issued estimates for KKR & Co Inc’s Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.80 EPS.
KKR has been the subject of a number of other reports. Citigroup lifted their price objective on KKR & Co Inc from $31.00 to $34.00 and gave the company a “buy” rating in a research note 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 research note on Thursday, October 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $35.00 price objective on shares of KKR & Co Inc in a research note on Friday, July 27th. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, October 17th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of KKR & Co Inc in a research note on Monday, October 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.33.
KKR & Co Inc (NYSE:KKR) last posted its earnings results on Thursday, October 25th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. The company had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $401.39 million.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th will be issued 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 is Friday, November 2nd. KKR & Co Inc’s dividend payout ratio (DPR) is 21.01%.
In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr purchased 25,773 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was bought at an average cost of $13.50 per share, with a total value of $347,935.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 130,656 shares of company stock valued at $1,914,185 over the last ninety days.
A number of hedge funds and other institutional investors have recently made changes to their positions in KKR. Jackson Square Partners LLC lifted its holdings in KKR & Co Inc by 8,686.8% during the 3rd quarter. Jackson Square Partners LLC now owns 22,946,175 shares of the asset manager’s stock worth $625,742,000 after buying an additional 22,685,031 shares during the last quarter. Vulcan Value Partners LLC purchased a new stake in KKR & Co Inc during the 2nd quarter worth about $388,743,000. BlackRock Inc. lifted its holdings in KKR & Co Inc by 1,718.7% during the 3rd quarter. BlackRock Inc. now owns 11,093,462 shares of the asset manager’s stock worth $302,519,000 after buying an additional 10,483,481 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in KKR & Co Inc by 1,363.6% during the 3rd quarter. Pzena Investment Management LLC now owns 9,382,203 shares of the asset manager’s stock worth $255,853,000 after buying an additional 8,741,173 shares during the last quarter. Finally, Akre Capital Management LLC lifted its holdings in KKR & Co Inc by 108.3% during the 2nd quarter. Akre Capital Management LLC now owns 10,000,000 shares of the asset manager’s stock worth $248,500,000 after buying an additional 5,200,000 shares during the last quarter. 62.60% of the stock is owned by institutional investors.
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, and middle market investments.
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