KKR & Co. Inc. (NYSE:KKR) Forecasted to Post Q1 2022 Earnings of $0.90 Per Share

KKR & Co. Inc. (NYSE:KKRGet Rating) – Research analysts at Piper Sandler decreased their Q1 2022 earnings per share estimates for KKR & Co. Inc. in a research report issued on Monday, April 11th. Piper Sandler analyst S. Mody now expects that the asset manager will post earnings of $0.90 per share for the quarter, down from their previous estimate of $0.92.

Several other equities analysts have also commented on KKR. Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. in a research report on Wednesday, December 15th. They set an “overweight” rating and a $90.00 price target for the company. Bank of America started coverage on shares of KKR & Co. Inc. in a research report on Thursday, December 16th. They set a “neutral” rating and a $86.00 price target for the company. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $76.00 to $81.00 in a research report on Wednesday. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $83.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, February 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of KKR & Co. Inc. from $87.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, April 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $80.96.

Shares of KKR stock opened at $56.49 on Wednesday. KKR & Co. Inc. has a one year low of $50.55 and a one year high of $83.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.07 and a current ratio of 0.07. The company has a 50 day moving average price of $58.86 and a 200 day moving average price of $67.52. The firm has a market capitalization of $33.05 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 2.49 and a beta of 1.47.

KKR & Co. Inc. (NYSE:KKRGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The asset manager reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.48. KKR & Co. Inc. had a net margin of 31.42% and a return on equity of 7.27%. The business had revenue of $962.79 million for the quarter, compared to the consensus estimate of $826.04 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the business. WASHINGTON TRUST Co boosted its stake in KKR & Co. Inc. by 264.3% during the 4th quarter. WASHINGTON TRUST Co now owns 357 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 259 shares during the last quarter. Pinebridge Investments L.P. bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $30,000. Herold Advisors Inc. bought a new position in shares of KKR & Co. Inc. in the 3rd quarter worth about $30,000. CVA Family Office LLC bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $41,000. Finally, BerganKDV Wealth Management LLC bought a new position in shares of KKR & Co. Inc. in the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 77.10% of the company’s stock.

In other news, Director Matt Cohler bought 8,683 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was acquired at an average cost of $58.26 per share, for a total transaction of $505,871.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Friday, March 4th. Stockholders of record on Friday, February 18th were paid a $0.145 dividend. The ex-dividend date of this dividend was Thursday, February 17th. This represents a $0.58 annualized dividend and a dividend yield of 1.03%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 7.91%.

About KKR & Co. Inc. (Get Rating)

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.

Featured Stories

Earnings History and Estimates for KKR & Co. Inc. (NYSE:KKR)

Receive News & Ratings for KKR & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.