KKR & Co Inc (NYSE:KKR) announced a quarterly dividend on Tuesday, October 29th, Fidelity reports. Investors of record on Monday, November 11th will be paid a dividend of 0.125 per share by the asset manager on Tuesday, November 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, November 7th.
Shares of KKR & Co Inc stock traded up $0.69 during trading on Tuesday, reaching $29.69. 105,609 shares of the company were exchanged, compared to its average volume of 2,899,517. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.90. KKR & Co Inc has a twelve month low of $18.30 and a twelve month high of $29.95. The business has a 50-day moving average price of $27.66 and a 200-day moving average price of $25.66. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 3.74 and a beta of 1.68.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $445.90 million for the quarter, compared to analyst estimates of $456.46 million. During the same period last year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, equities research analysts forecast that KKR & Co Inc will post 1.7 EPS for the current fiscal year.
A number of research analysts have issued reports on KKR shares. Goldman Sachs Group boosted 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. ValuEngine cut KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. 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. Zacks Investment Research cut KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, BMO Capital Markets started 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.80.
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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