FY2021 Earnings Estimate for KKR & Co Inc (NYSE:KKR) Issued By Jefferies Financial Group

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KKR & Co Inc (NYSE:KKR) – Jefferies Financial Group issued their FY2021 earnings estimates for KKR & Co Inc in a note issued to investors on Wednesday, January 15th, according to Zacks Investment Research. Jefferies Financial Group analyst G. O’hara forecasts that the asset manager will post earnings per share of $2.17 for the year. Jefferies Financial Group currently has a “Buy” rating and a $36.00 target price on the stock.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research report on Thursday. JMP Securities lowered KKR & Co Inc from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Barclays raised KKR & Co Inc from an “equal weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research report on Monday. Wells Fargo & Co increased their target price on KKR & Co Inc from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Oppenheimer initiated coverage on KKR & Co Inc in a research report on Sunday, February 2nd. They issued a “buy” rating and a $43.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. KKR & Co Inc currently has a consensus rating of “Buy” and a consensus price target of $36.36.

Shares of KKR stock traded down $0.37 on Thursday, hitting $33.32. 2,729,910 shares of the stock traded hands, compared to its average volume of 3,445,745. KKR & Co Inc has a 1-year low of $22.01 and a 1-year high of $33.91. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day moving average is $30.33 and its 200 day moving average is $28.19. The company has a market capitalization of $18.54 billion, a PE ratio of 9.41, a PEG ratio of 3.10 and a beta of 1.70.

KKR & Co Inc (NYSE:KKR) last posted its quarterly earnings results on Friday, January 31st. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $490.70 million for the quarter, compared to analyst estimates of $477.15 million. KKR & Co Inc had a return on equity of 4.35% and a net margin of 47.50%. The business’s revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS.

Several large investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its stake in shares of KKR & Co Inc by 2,734.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 274,450 shares of the asset manager’s stock worth $8,006,000 after purchasing an additional 264,768 shares in the last quarter. FMR LLC grew its stake in shares of KKR & Co Inc by 24.2% in the fourth quarter. FMR LLC now owns 12,149,839 shares of the asset manager’s stock worth $354,411,000 after purchasing an additional 2,366,210 shares in the last quarter. Jennison Associates LLC bought a new position in shares of KKR & Co Inc in the fourth quarter worth $1,577,000. Markel Corp grew its stake in shares of KKR & Co Inc by 2.6% in the fourth quarter. Markel Corp now owns 1,365,700 shares of the asset manager’s stock worth $39,838,000 after purchasing an additional 35,100 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of KKR & Co Inc by 11.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 10,032,479 shares of the asset manager’s stock worth $292,647,000 after purchasing an additional 1,051,671 shares in the last quarter. 77.87% of the stock is owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Monday, February 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.50%. KKR & Co Inc’s payout ratio is 29.94%.

KKR & Co Inc Company Profile

KKR & Co L.P. 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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