News stories about KKR & Co. L.P. (NYSE:KKR) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. KKR & Co. L.P. earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 46.4107393281854 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- An Eye on Data – KKR & Co LP (NYSE: KKR) – Stocks Pen (stockspen.com)
- KKR aims to raise $280 mln in first yen-bond sale – sources (finance.yahoo.com)
- American Tower, KKR are bidders for Altice NV’s towers – Nasdaq (nasdaq.com)
- American Tower, KKR are bidders for Altice NV’s towers – Bloomberg – euronews (euronews.com)
- KKR & Co. L.P. (KKR) Given New $28.00 Price Target at Bank of America (americanbankingnews.com)
Shares of KKR & Co. L.P. (NYSE KKR) traded down $0.30 during trading on Wednesday, hitting $22.12. The company had a trading volume of 1,296,356 shares, compared to its average volume of 3,090,499. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $18,110.00, a P/E ratio of 10.34, a P/E/G ratio of 0.69 and a beta of 1.58. KKR & Co. L.P. has a 1 year low of $16.77 and a 1 year high of $24.50.
The firm also recently declared a dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a yield of 0.00802265219443134%. KKR & Co. L.P.’s dividend payout ratio (DPR) is 31.78%.
KKR has been the subject of several research analyst reports. Bank of America raised their price target on KKR & Co. L.P. from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine cut KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Sandler O’Neill set a $22.00 price objective on KKR & Co. L.P. and gave the company a “hold” rating in a research note on Friday, February 9th. Deutsche Bank raised their price target on KKR & Co. L.P. from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Jefferies Group reiterated a “buy” rating and set a $26.00 target price on shares of KKR & Co. L.P. in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. KKR & Co. L.P. presently has an average rating of “Buy” and an average price target of $24.64.
In other news, major shareholder Holdings L.P. Valueact acquired 450,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $21.70 per share, with a total value of $9,765,000.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
About KKR & Co. L.P.
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.
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