Investors Buy Shares of KKR & Co Inc (KKR) on Weakness on Analyst Downgrade
Investors bought shares of KKR & Co Inc (NYSE:KKR) on weakness during trading hours on Monday after Deutsche Bank lowered their price target on the stock from $25.00 to $23.00. $70.10 million flowed into the stock on the tick-up and $13.63 million flowed out of the stock on the tick-down, for a money net flow of $56.47 million into the stock. Of all stocks tracked, KKR & Co Inc had the 18th highest net in-flow for the day. KKR & Co Inc traded down ($0.73) for the day and closed at $21.10
A number of other analysts have also recently commented on the stock. ValuEngine cut shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Morgan Stanley dropped their target price on shares of KKR & Co Inc from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, November 14th. Argus raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $31.33 price target for the company in a research report on Friday, October 26th. They noted that the move was a valuation call. Oppenheimer set a $35.00 price target on KKR & Co Inc and gave the stock a “buy” rating in a research report on Thursday, October 25th. Finally, Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, October 17th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.87.
In related news, major shareholder Fund Holdings L.P. Kkr purchased 14,132 shares of the stock in a transaction dated Friday, August 31st. The stock was purchased at an average price of $15.93 per share, with a total value of $225,122.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders bought 52,829 shares of company stock valued at $840,424.
The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.96 and a beta of 1.63.
KKR & Co Inc (NYSE:KKR) last issued its earnings results on Thursday, October 25th. The asset manager reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. The business had revenue of $491.50 million during the quarter, compared to analyst estimates of $401.39 million. Analysts anticipate that KKR & Co Inc will post 1.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Friday, November 2nd. KKR & Co Inc’s dividend payout ratio (DPR) is 21.01%.
KKR & Co Inc Company Profile (NYSE:KKR)
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, and middle market investments.
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