KKR & Co. Inc. (NYSE:KKR) Releases Earnings Results, Beats Expectations By $0.20 EPS

KKR & Co. Inc. (NYSE:KKR) 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

A number of analysts recently weighed in on KKR shares. Citigroup increased their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Friday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday. Barclays increased their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Evercore ISI raised their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, JMP Securities increased their price objective on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.00.

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.