KKR & Co Inc (NYSE:KKR) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 13,549,086 shares, a growth of 30.6% from the February 15th total of 10,378,172 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 7,191,365 shares, the days-to-cover ratio is currently 1.9 days.
KKR has been the topic of several recent research reports. Goldman Sachs Group cut shares of KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a report on Friday, January 4th. Morgan Stanley set a $22.00 target price on shares of KKR & Co Inc and gave the stock a “hold” rating in a report on Friday, January 4th. Citigroup lowered their target price on shares of KKR & Co Inc from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th. Finally, Zacks Investment Research cut shares of KKR & Co Inc from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $30.11.
Shares of NYSE:KKR opened at $24.16 on Monday. The company has a market capitalization of $12.89 billion, a P/E ratio of 12.52, a PEG ratio of 3.07 and a beta of 1.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.94. KKR & Co Inc has a 1 year low of $18.30 and a 1 year high of $28.73.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Friday, February 1st. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business had revenue of $541.58 million for the quarter, compared to analysts’ expectations of $489.48 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.86%. During the same period last year, the firm posted $0.45 earnings per share. As a group, equities analysts predict that KKR & Co Inc will post 1.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Monday, February 11th were paid a $0.125 dividend. The ex-dividend date was Friday, February 8th. This represents a $0.50 dividend on an annualized basis and a yield of 2.07%. KKR & Co Inc’s dividend payout ratio (DPR) is 25.91%.
A number of large investors have recently made changes to their positions in KKR. Private Advisor Group LLC increased its stake in KKR & Co Inc by 85.5% in the third quarter. Private Advisor Group LLC now owns 44,132 shares of the asset manager’s stock valued at $1,203,000 after acquiring an additional 20,346 shares during the last quarter. Wells Fargo & Company MN boosted its position in KKR & Co Inc by 5.4% in the third quarter. Wells Fargo & Company MN now owns 1,313,907 shares of the asset manager’s stock valued at $35,830,000 after buying an additional 67,877 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in KKR & Co Inc by 18.3% in the third quarter. Janney Montgomery Scott LLC now owns 71,486 shares of the asset manager’s stock valued at $1,949,000 after buying an additional 11,064 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in KKR & Co Inc by 43.4% in the third quarter. Commonwealth Equity Services LLC now owns 208,338 shares of the asset manager’s stock valued at $5,681,000 after buying an additional 63,008 shares in the last quarter. Finally, Wetherby Asset Management Inc. acquired a new stake in KKR & Co Inc in the third quarter valued at approximately $265,000. 72.85% of the stock is currently owned by institutional investors and hedge funds.
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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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