KKR & Co. Inc. (KKR) Scheduled to Post Quarterly Earnings on Wednesday

KKR & Co. Inc. (NYSE:KKR - Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $995.64 million. On average, analysts expect KKR & Co. Inc. to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

KKR & Co. Inc. Stock Down 1.2 %

NYSE KKR traded down $1.20 during trading hours on Wednesday, hitting $96.77. The company had a trading volume of 3,639,184 shares, compared to its average volume of 3,454,621. The firm's 50 day moving average is $97.59 and its 200 day moving average is $82.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48. The company has a market capitalization of $85.64 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 0.87 and a beta of 1.61.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.'s payout ratio is 16.18%.

Insider Activity

In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares of the company's stock, valued at $25,017,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business's stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares of the company's stock, valued at $25,017,175. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

KKR has been the topic of several recent research reports. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Barclays upped their target price on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. JMP Securities upped their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a "market outperform" rating in a research report on Tuesday, April 9th. Finally, TD Cowen lifted their target price on KKR & Co. Inc. to $144.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.64.

About KKR & Co. Inc.

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.