KKR & Co. Inc. (NYSE:KKR – Get Free Report) released its quarterly earnings data on Wednesday. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20, Briefing.com reports. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company earned $0.58 EPS.
KKR & Co. Inc. Trading Down 9.3 %
NYSE KKR traded down $11.13 on Friday, hitting $108.62. 7,437,565 shares of the stock were exchanged, compared to its average volume of 3,721,407. The company’s 50-day moving average price is $109.59 and its two-hundred day moving average price is $101.01. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $128.79. The company has a market capitalization of $96.39 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 1.07 and a beta of 1.62.
KKR & Co. Inc. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Monday, August 12th will be given a $0.175 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.70 annualized dividend and a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on KKR
Insider Activity
In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the purchase, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The disclosure for this sale can be found here. Insiders sold 37,554,644 shares of company stock worth $1,725,355,039 over the last quarter. Corporate insiders own 39.34% of the company’s stock.
KKR & Co. Inc. Company Profile
KKR & Co Inc 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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