KKR & Co. L.P. (NYSE:KKR) Earns Media Impact Rating of 0.08
Press coverage about KKR & Co. L.P. (NYSE:KKR) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. KKR & Co. L.P. earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.6623079528782 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- American Tower, KKR are bidders for Altice NV’s towers – Nasdaq (nasdaq.com)
- American Tower, KKR are bidders for Altice NV’s towers – Bloomberg – euronews (euronews.com)
- KKR & Co. L.P. (KKR) Given New $28.00 Price Target at Bank of America (americanbankingnews.com)
- American Tower, KKR are bidders for Altice NV’s towers-Bloomberg – Reuters (reuters.com)
A number of analysts have weighed in on KKR shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $31.00 price objective (up from $23.00) on shares of KKR & Co. L.P. in a research report on Wednesday, January 10th. They noted that the move was a valuation call. Jefferies Group reissued a “buy” rating and issued a $26.00 price target on shares of KKR & Co. L.P. in a report on Thursday, January 11th. Bank of America lifted their price objective on KKR & Co. L.P. from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday. ValuEngine raised KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Sandler O’Neill initiated coverage on KKR & Co. L.P. in a report on Tuesday, November 28th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.64.
KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.04). KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.34%. The firm had revenue of $941.64 million for the quarter, compared to analysts’ expectations of $367.36 million. During the same period last year, the firm posted $0.40 EPS. KKR & Co. L.P.’s revenue was up 95.6% on a year-over-year basis. analysts expect that KKR & Co. L.P. will post 2.54 EPS for the current year.
The business also recently disclosed a dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.17 per share. This represents a dividend yield of 0.00802265219443134%. The ex-dividend date of this dividend was Friday, February 16th. KKR & Co. L.P.’s dividend payout ratio is presently 34.87%.
In related news, major shareholder Holdings L.P. Valueact acquired 450,000 shares of KKR & Co. L.P. stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $21.70 per share, for a total transaction of $9,765,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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KKR & Co. L.P. Company Profile
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.
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