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. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, information technology infrastructure, financial technology, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the upstream oil and gas and equipment, minerals and royalties and services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. It also seeks to make impact investments focused on identifying and investing behind businesses with positive social or environmental impact. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Malaysia, Singapore, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea with a focus on South Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire majority and minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. Inc. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, Sweden and Asia.
KKR & Co. Inc. Trading Up 4.8 %
NYSE:KKR traded up $2.49 during trading hours on Wednesday, hitting $54.24. The company's stock had a trading volume of 6,120 shares, compared to its average volume of 3,500,115. The stock has a fifty day moving average of $50.13 and a 200 day moving average of $55.00. KKR & Co. Inc. has a twelve month low of $44.28 and a twelve month high of $83.90. The firm has a market capitalization of $32.14 billion, a P/E ratio of 40.43, a PEG ratio of 4.16 and a beta of 1.53. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.68.
KKR & Co. Inc. (NYSE:KKR - Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The asset manager reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. KKR & Co. Inc. had a net margin of 8.25% and a return on equity of 7.08%. The business had revenue of $303.10 million for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business posted $1.05 earnings per share. KKR & Co. Inc.'s revenue was down 59.0% compared to the same quarter last year. Equities research analysts forecast that KKR & Co. Inc. will post 3.37 earnings per share for the current fiscal year.
KKR & Co. Inc. Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Monday, August 15th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.62 annualized dividend and a yield of 1.14%. KKR & Co. Inc.'s dividend payout ratio is currently 48.44%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Citigroup lowered their price objective on shares of KKR & Co. Inc. from $94.00 to $81.50 and set a "buy" rating on the stock in a research report on Tuesday, April 12th. TheStreet cut shares of KKR & Co. Inc. from a "b" rating to a "c+" rating in a report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of KKR & Co. Inc. from $79.00 to $66.00 and set a "buy" rating on the stock in a report on Wednesday, July 13th. Wells Fargo & Company decreased their price objective on shares of KKR & Co. Inc. from $72.00 to $63.00 and set an "overweight" rating for the company in a report on Wednesday, July 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of KKR & Co. Inc. from $73.00 to $63.00 and set a "buy" rating for the company in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.88.
Insider Activity at KKR & Co. Inc.
In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 4,250,000 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $19.51, for a total value of $82,917,500.00. Following the sale, the insider now directly owns 10,000,000 shares in the company, valued at $195,100,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by company insiders.
