News coverage about KKR & Co Inc (NYSE:KKR) has been trending somewhat negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing 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 closest to five being the most favorable. KKR & Co Inc earned a news sentiment score of -1.33 on their scale. InfoTrie also assigned media headlines about the asset manager an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected KKR & Co Inc’s ranking:
- Hedge Funds Have Never Been This Bullish On KKR & Co Inc. (KKR) (finance.yahoo.com)
- Presenting Deutsche Beteiligungs AG: A Midsized Private Equity Company (seekingalpha.com)
- Bottoms up! Citi in pitcher for KKR’s pubs (afr.com)
- Private equity firms TPG, KKR cancel PropertyGuru’s Australian IPO -sources (reuters.com)
- KKR-Backed PropertyGuru Shelves $260 Million IPO in Australia (bloomberg.com)
KKR stock opened at $28.60 on Thursday. The business’s 50-day moving average price is $27.24 and its two-hundred day moving average price is $25.34. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.92. The firm has a market cap of $14.99 billion, a PE ratio of 14.82, a P/E/G ratio of 8.03 and a beta of 1.66. KKR & Co Inc has a 1-year low of $18.30 and a 1-year high of $29.95.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $528.00 million during the quarter, compared to the consensus estimate of $445.34 million. The business’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. On average, analysts forecast that KKR & Co Inc will post 1.69 earnings per share for the current year.
Several research firms have recently commented on KKR. Goldman Sachs Group lifted their target price on KKR & Co Inc from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Citigroup set a $34.00 target price on KKR & Co Inc and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America raised KKR & Co Inc from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Monday, September 23rd. BMO Capital Markets began coverage on KKR & Co Inc in a research note on Monday, October 7th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Barclays set a $28.00 target price on KKR & Co Inc and gave the company a “hold” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.19.
In related news, General Counsel David Sorkin sold 100,000 shares of KKR & Co Inc stock in a transaction dated 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 sale, the general counsel now owns 73,528 shares of the company’s stock, valued at $1,925,698.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of KKR & Co Inc stock in a transaction dated 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.
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, lower middle market and middle market investments.
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