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. Price Performance
KKR traded down $1.57 during trading on Tuesday, reaching $51.24. The company's stock had a trading volume of 39,328 shares, compared to its average volume of 2,814,703. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $50.19 and a two-hundred day simple moving average of $55.03. KKR & Co. Inc. has a 1 year low of $44.28 and a 1 year high of $83.90. The company has a market cap of $30.37 billion, a price-to-earnings ratio of 41.26, a PEG ratio of 4.16 and a beta of 1.53.
KKR & Co. Inc. (NYSE:KKR - Get Rating) last released its earnings results on Tuesday, August 2nd. The asset manager reported $0.95 earnings per share for the quarter, hitting analysts' consensus estimates of $0.95. The business had revenue of $303.10 million for the quarter, compared to analyst estimates of $1.82 billion. KKR & Co. Inc. had a net margin of 8.25% and a return on equity of 7.08%. The business's revenue was down 59.0% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 3.37 EPS for the current year.
KKR & Co. Inc. Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, August 12th. KKR & Co. Inc.'s payout ratio is presently 48.44%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on KKR. The Goldman Sachs Group dropped their target price on KKR & Co. Inc. from $73.00 to $63.00 and set a "buy" rating on the stock in a research report on Wednesday, June 29th. Wells Fargo & Company dropped their target price on KKR & Co. Inc. from $72.00 to $63.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. TheStreet cut KKR & Co. Inc. from a "b" rating to a "c+" rating in a research report on Tuesday, May 3rd. BMO Capital Markets dropped their target price on KKR & Co. Inc. from $90.00 to $80.00 in a research report on Wednesday, May 4th. Finally, Morgan Stanley dropped their target price on KKR & Co. Inc. from $72.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average price target of $74.88.
Insider Activity
In other news, major shareholder Kkr Group Partnership L.P. sold 4,250,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $19.51, for a total transaction of $82,917,500.00. Following the sale, the insider now owns 10,000,000 shares of the company's stock, valued at approximately $195,100,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 39.34% of the company's stock.
