Media coverage about KKR & Co Inc (NYSE:KKR) has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. KKR & Co Inc earned a daily sentiment score of 1.72 on their scale. InfoTrie also assigned media headlines about the asset manager an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted KKR & Co Inc’s ranking:
- KKR says investment pact with Springer valid for 5 years (finance.yahoo.com)
- KKR is buying the publisher of Business Insider and Bild in a $7.7 billion deal (wral.com)
- KKR to launch voluntary public tender offer for Axel Springer SE (marketwatch.com)
- KKR finds risky media bargain with Axel Springer (breakingviews.com)
- Market-Leading Cybersecurity Company KnowBe4 Raises $300 Million in a Round Led By KKR (markets.businessinsider.com)
Shares of NYSE:KKR opened at $24.10 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87. KKR & Co Inc has a 12-month low of $18.30 and a 12-month high of $28.73. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 6.92 and a beta of 1.63.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. KKR & Co Inc had a return on equity of 6.29% and a net margin of 48.08%. The firm had revenue of $397.26 million for the quarter, compared to analyst estimates of $370.51 million. During the same period last year, the company earned $0.29 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts expect that KKR & Co Inc will post 1.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co Inc’s payout ratio is 25.91%.
A number of research firms recently commented on KKR. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, March 21st. Credit Suisse Group lowered KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research note on Tuesday, May 21st. Finally, Sanford C. Bernstein lowered KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $29.78.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $24.15, for a total value of $2,415,000.00. Following the sale, the general counsel now directly owns 107,072 shares of the company’s stock, valued at approximately $2,585,788.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 39.34% of the stock is currently owned by company insiders.
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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, lower middle market and middle market investments.
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