KKR & Co Inc (NYSE:KKR) Earning Somewhat Favorable News Coverage, InfoTrie Reports
News stories about KKR & Co Inc (NYSE:KKR) have been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. KKR & Co Inc earned a media sentiment score of 1.80 on their scale. InfoTrie also assigned news stories about the asset manager an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected KKR & Co Inc’s analysis:
- KKR Reportedly Cancels Latitude Financial’s Australian IPO Listing (finance.yahoo.com)
- BRIEF-KKR Announces Leadership Of Flagship Private Equity Businesses (msn.com)
- KKR promotes senior partners to regional private equity co-heads (finance.yahoo.com)
- KKR’s Head of MENA Kaveh Samie Leaves Buyout Firm After 9 Years (bloomberg.com)
- KKR Announces Leadership of Flagship Private Equity Businesses (finance.yahoo.com)
KKR & Co Inc stock traded down $0.02 during mid-day trading on Wednesday, hitting $26.77. 2,039,275 shares of the stock were exchanged, compared to its average volume of 3,352,988. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.92. KKR & Co Inc has a 12 month low of $18.30 and a 12 month high of $29.95. The firm’s fifty day simple moving average is $26.98 and its two-hundred day simple moving average is $25.20. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 7.65 and a beta of 1.66.
A number of research analysts recently issued reports on KKR shares. BMO Capital Markets started coverage on shares of KKR & Co Inc in a report on Monday, October 7th. They issued an “outperform” rating and a $40.00 price objective for the company. Zacks Investment Research lowered shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Goldman Sachs Group raised their price objective on shares of KKR & Co Inc from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Citigroup set a $34.00 price objective on shares of KKR & Co Inc and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Barclays set a $28.00 price objective on shares of KKR & Co Inc and gave the company a “hold” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.19.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the completion of the transaction, the general counsel now owns 73,528 shares in the company, valued at approximately $1,925,698.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $30.52, for a total transaction of $279,255,192.16. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.
About KKR & Co Inc
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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