Media stories about KKR & Co. L.P. (NYSE:KKR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. KKR & Co. L.P. earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 46.4258730528768 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s rankings:
- Mystique: Proudly Built in Naples, made in America (prweb.com)
- A Look at Blackstone’s Valuations (finance.yahoo.com)
- Buyout financings skirt ECB’s lending rules (finance.yahoo.com)
- KKR & Co. L.P. (KKR) Earns “Outperform” Rating from Credit Suisse Group (americanbankingnews.com)
- Keefe, Bruyette & Woods Reiterates Buy Rating for KKR & Co. L.P. (KKR) (americanbankingnews.com)
KKR stock opened at $20.30 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.08. The stock has a market cap of $9,833.37, a price-to-earnings ratio of 8.49, a P/E/G ratio of 0.61 and a beta of 1.59. KKR & Co. L.P. has a twelve month low of $16.77 and a twelve month high of $24.50.
The business also recently disclosed a dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a yield of 0.00802265219443134%. KKR & Co. L.P.’s payout ratio is currently 34.87%.
Several equities research analysts have recently commented on KKR shares. ValuEngine cut shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Bank of America boosted their price objective on shares of KKR & Co. L.P. from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Sandler O’Neill set a $22.00 price target on shares of KKR & Co. L.P. and gave the stock a “hold” rating in a research report on Friday, February 9th. Deutsche Bank upped their price target on shares of KKR & Co. L.P. from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Jefferies Group restated a “buy” rating and issued a $26.00 price target on shares of KKR & Co. L.P. in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $24.64.
In related news, major shareholder Fund Holdings L.P. Kkr sold 1,444,822 shares of the stock in a transaction on Monday, March 26th. The stock was sold at an average price of $31.68, for a total transaction of $45,771,960.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Valueact bought 450,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was purchased at an average cost of $21.70 per share, for a total transaction of $9,765,000.00. The disclosure for this purchase can be found here.
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KKR & Co. L.P. Company Profile
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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