KKR & Co Inc (NYSE:KKR) – Research analysts at Jefferies Financial Group raised their Q3 2019 earnings estimates for KKR & Co Inc in a report released on Tuesday, April 30th, Zacks Investment Research reports. Jefferies Financial Group analyst G. O’hara now anticipates that the asset manager will post earnings of $0.48 per share for the quarter, up from their previous forecast of $0.46. Jefferies Financial Group also issued estimates for KKR & Co Inc’s Q4 2019 earnings at $0.51 EPS and FY2020 earnings at $2.04 EPS.
Several other analysts have also recently weighed in on KKR. Zacks Investment Research raised shares of 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. Sanford C. Bernstein cut shares of KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. KKR & Co Inc currently has an average rating of “Buy” and a consensus target price of $29.85.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.29%. The company had revenue of $397.26 million for the quarter, compared to analysts’ expectations of $370.51 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. KKR & Co Inc’s revenue for the quarter was up 3.9% on a year-over-year basis.
A number of institutional investors and hedge funds have recently modified their holdings of KKR. Vanguard Group Inc bought a new stake in KKR & Co Inc during the third quarter valued at $1,027,380,000. First Manhattan Co. bought a new stake in KKR & Co Inc during the first quarter valued at $132,421,000. Diamond Hill Capital Management Inc. bought a new stake in KKR & Co Inc during the first quarter valued at $113,172,000. BlackRock Inc. boosted its position in KKR & Co Inc by 35.9% during the first quarter. BlackRock Inc. now owns 14,471,966 shares of the asset manager’s stock valued at $339,948,000 after acquiring an additional 3,823,413 shares during the last quarter. Finally, Iridian Asset Management LLC CT boosted its position in KKR & Co Inc by 3,806.8% during the first quarter. Iridian Asset Management LLC CT now owns 3,817,419 shares of the asset manager’s stock valued at $89,671,000 after acquiring an additional 3,719,706 shares during the last quarter. 73.99% of the stock is currently owned by institutional investors and hedge funds.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $24.15, for a total transaction of $2,415,000.00. Following the sale, the general counsel now owns 107,072 shares of the company’s stock, valued at $2,585,788.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 39.34% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.03%. KKR & Co Inc’s dividend payout ratio (DPR) is currently 25.91%.
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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