Oppenheimer Research Analysts Raise Earnings Estimates for KKR & Co. Inc. (NYSE:KKR)

KKR & Co. Inc. (NYSE:KKR) – Analysts at Oppenheimer increased their Q2 2021 EPS estimates for shares of KKR & Co. Inc. in a report released on Tuesday, July 20th. Oppenheimer analyst C. Kotowski now expects that the asset manager will post earnings of $0.83 per share for the quarter, up from their prior estimate of $0.75. Oppenheimer also issued estimates for KKR & Co. Inc.’s FY2021 earnings at $2.97 EPS.

KKR has been the subject of a number of other reports. Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Tuesday. Credit Suisse Group increased their price target on shares of KKR & Co. Inc. from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, May 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of KKR & Co. Inc. from $52.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, May 5th. Citigroup increased their price target on shares of KKR & Co. Inc. from $69.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, July 12th. Finally, BMO Capital Markets increased their price target on shares of KKR & Co. Inc. from $69.00 to $71.00 in a report on Wednesday, April 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. KKR & Co. Inc. has an average rating of “Hold” and a consensus target price of $65.29.

Shares of NYSE:KKR opened at $59.38 on Wednesday. The company has a 50-day simple moving average of $57.30. KKR & Co. Inc. has a one year low of $32.72 and a one year high of $61.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $34.55 billion, a PE ratio of 7.27 and a beta of 1.40.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Tuesday, May 4th. The asset manager reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.13. The firm had revenue of $493.31 million during the quarter, compared to the consensus estimate of $609.55 million. KKR & Co. Inc. had a net margin of 58.79% and a return on equity of 4.35%. During the same quarter in the previous year, the firm posted $0.42 earnings per share.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in KKR & Co. Inc. by 5.6% in the first quarter. BlackRock Inc. now owns 34,043,159 shares of the asset manager’s stock valued at $1,663,008,000 after buying an additional 1,819,079 shares in the last quarter. Capital International Investors grew its position in shares of KKR & Co. Inc. by 11.4% in the first quarter. Capital International Investors now owns 25,256,470 shares of the asset manager’s stock valued at $1,233,779,000 after purchasing an additional 2,574,446 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of KKR & Co. Inc. by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 23,926,739 shares of the asset manager’s stock valued at $968,793,000 after purchasing an additional 819,173 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of KKR & Co. Inc. by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,445,849 shares of the asset manager’s stock valued at $787,362,000 after purchasing an additional 1,307,316 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in shares of KKR & Co. Inc. by 4.5% in the first quarter. Diamond Hill Capital Management Inc. now owns 12,573,402 shares of the asset manager’s stock valued at $614,211,000 after purchasing an additional 537,220 shares during the last quarter. 77.08% of the stock is owned by institutional investors.

In other KKR & Co. Inc. news, General Counsel David Sorkin sold 12,546 shares of the stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $58.50, for a total value of $733,941.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 39.34% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th were issued a $0.145 dividend. The ex-dividend date was Friday, May 14th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a yield of 0.98%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 32.58%.

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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Earnings History and Estimates for KKR & Co. Inc. (NYSE:KKR)

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