Media stories about KKR & Co Inc (NYSE:KKR) have trended somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. KKR & Co Inc earned a media sentiment score of 0.67 on their scale. InfoTrie also gave press coverage about the asset manager an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted KKR & Co Inc’s ranking:
- Augmented reality company Magic Leap raises $350 million in new funding (axios.com)
- Fifth deal! KKR to buy 2.32% stake in Jio Platforms for $1.5 billion (msn.com)
- Why Facebook, KKR And Everyone Else Wants To Invest In Indian Mobile Firm Jio Platforms (pymnts.com)
- KKR caps Jio deal, upping payments reach in Asia (paymentssource.com)
- KKR to invest $1.5 billion in India’s Reliance Jio Platforms (yahoo.com)
Shares of NYSE:KKR opened at $26.84 on Friday. The stock’s 50-day moving average price is $24.50 and its 200-day moving average price is $27.94. KKR & Co Inc has a 12-month low of $15.55 and a 12-month high of $34.14. The stock has a market capitalization of $14.83 billion, a P/E ratio of -671.00, a price-to-earnings-growth ratio of 3.07 and a beta of 1.52. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be issued a dividend of $0.135 per share. This is a positive change from KKR & Co Inc’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, May 15th. KKR & Co Inc’s dividend payout ratio is currently 32.34%.
Several research analysts have recently weighed in on the stock. TheStreet cut shares of KKR & Co Inc from a “b” rating to a “c” rating in a report on Wednesday, May 6th. Oppenheimer reduced their target price on KKR & Co Inc from $41.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Barclays raised KKR & Co Inc from an “equal weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research note on Monday, February 3rd. BMO Capital Markets increased their target price on KKR & Co Inc from $33.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Co increased their target price on KKR & Co Inc from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. KKR & Co Inc currently has an average rating of “Buy” and a consensus target price of $32.50.
In other news, CFO Robert H. Lewin bought 50,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $28.38 per share, for a total transaction of $1,419,000.00. Following the completion of the acquisition, the chief financial officer now owns 54,000 shares in the company, valued at approximately $1,532,520. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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