Media headlines about KKR & Co Inc (NYSE:KKR) have been trending somewhat positive on Friday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. KKR & Co Inc earned a news sentiment score of 1.80 on their scale. InfoTrie also gave press coverage about the asset manager an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected KKR & Co Inc’s ranking:
- KKR names leaders for private equity businesses (pehub.com)
- Somewhat Positive News Coverage Extremely Likely to Affect KKR & Co Inc (NYSE:KKR) Stock Price (americanbankingnews.com)
- KKR Reportedly Cancels Latitude Financial’s Australian IPO Listing (finance.yahoo.com)
- BRIEF-KKR Announces Leadership Of Flagship Private Equity Businesses (msn.com)
- KKR promotes senior partners to regional private equity co-heads (finance.yahoo.com)
NYSE KKR opened at $27.28 on Friday. KKR & Co Inc has a fifty-two week low of $18.30 and a fifty-two week high of $29.95. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 7.60 and a beta of 1.66. The business has a fifty day moving average of $27.01 and a 200-day moving average of $25.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.92.
KKR & Co Inc (NYSE:KKR) last released its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. The company had revenue of $528.00 million during the quarter, compared to analyst estimates of $445.34 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue was up 32.7% compared to the same quarter last year. As a group, analysts anticipate that KKR & Co Inc will post 1.67 EPS for the current year.
KKR has been the subject of several research reports. Zacks Investment Research cut KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Wells Fargo & Co lifted their price objective on KKR & Co Inc from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Goldman Sachs Group lifted their price objective on KKR & Co Inc from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. ValuEngine cut KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Bank of America raised KKR & Co Inc from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. KKR & Co Inc currently has an average rating of “Hold” and an average target price of $31.19.
In other news, General Counsel David Sorkin sold 100,000 shares of KKR & Co Inc stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.19, for a total value of $2,619,000.00. Following the completion of the sale, the general counsel now owns 73,528 shares of the company’s stock, valued at $1,925,698.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of KKR & Co Inc stock in a transaction on Monday, August 12th. The shares were sold at an average price of $30.52, for a total value of $279,255,192.16. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.
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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